the inflows and outflows method, the following are considered exceptional inflows: A) Interest earned on investments and sales of non-current assets. B) Sales of non-current assets and sale of merchandise. C) Sale of merchandise and capital contributions.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 13MC: Which of the following would be included in the financing section? A. loss on sale of investments B....
icon
Related questions
Question

5.-
In the inflows and outflows method, the following are considered exceptional inflows:

A) Interest earned on investments and sales of non-current assets.


B) Sales of non-current assets and sale of merchandise.


C) Sale of merchandise and capital contributions.


D) Sale of services and interest earned on investments.

 

(Choose an option)

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting for Financial Instruments
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning