Cash receipts of interest income are reported in the ________ section of the statement of cash flows.The direct method is used.

Question

Quizplus · Accepted Answer

Cash receipts of interest income are generated through operating activities, as they relate to the primary operations of the business. Therefore, they are reported in the operating activities section of the statement of cash flows, regardless of whether the direct or indirect method is used.

Cash Receipts of Interest Income Are Reported in the ________