Cash flows arising from the following operating, investing or financing activities may be reported on a net basis when:
A) cash receipts and payments for items in which the turnover is slow, the amounts are large, and the maturities are short
B) cash receipts and payments for items in which the turnover is quick, the amounts small, and the maturities are short
C) cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short
D) cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are long-term.

Question

Quizplus · Accepted Answer

The Answer of Cash flows arising from the following operating, investing or financing activities may be reported on a net basis when:
A) cash receipts and payments for items in which the turnover is slow, the amounts are large, and the maturities are short
B) cash receipts and payments for items in which the turnover is quick, the amounts small, and the maturities are short
C) cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short
D) cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are long-term.

Cash Flows Arising from the Following Operating, Investing or Financing