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.)
-received payments from accounts receivable

Question

Quizplus · Accepted Answer

Receiving payments from accounts receivable is considered an inflow from operating activities, as it directly relates to the primary revenue-producing activities of the business.

Use the Following Codes to Indicate How the Cash Flow