Use the following codes to indicate how the cash flow effect, if any, of each transaction would be reported on a statement of cash flows if the operating activities section is prepared using the direct method. (Choices may be used more than once.)
-paid employee insurance expense

Question

Quizplus · Accepted Answer

Paying employee insurance expense is considered an outflow from operating activities because it is a regular expense related to the core operations of the business.

Use the Following Codes to Indicate How the Cash Flow