Practice question 45 correct cash payments to

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Practice Question 45Correct! Cash payments to suppliers are reported in the operating activities section when the directmethod is used.Which of the following items is reported in the operating activities section of a statement of cash flowsprepared using the direct method?DepreciationexpenseCash payments to suppliersLoss on sale of building
Increase in accounts receivablePractice Question 20Correct! The purpose of horizontal analysis is to determine the increase or decrease that has takenplace compared to previous periods. Each item is expressed as a percentage of the base-yearamount.In horizontal analysis of a balance sheet, of what amount is each item expressed as a percentage?
Practice Question 23Correct! The schedule is a display of vertical analysis, in which the financial statement items arepresented as a percentage of a base amount, in this case total assets.The following schedule is a display of what type of analysis?
Ratio analysisHorizontalanalysisTrend analysis

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Term
Spring
Professor
Rob
Tags
Accounting, Week 5 Quiz

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