The first line item in the operating activities section of a

The first line item in the operating activities section of a statement of cash flows prepared using the indirect method is: Select one: A. Increase (decrease) in accounts receivable. B. Cash received from customers. C. Net income (loss). D. Cash. E. Adjustments to net income.

Solution

1. The first line item in the operating activities section of a statement of cash flows prepared using the indirect method is \"C. Net Income (loss)\"

2. The-debt-to-assets ratio \"A. Is calculated by dividing book value of total liabilities by book value of total assets\"

3. Vertical analysis \"C. Is also called common-size analysis\"

4. \"A. Quick ratio\" is not a measure of profitability

5. All of the statements regarding liabilities are true except \" A. A liability is a probable past payment of assets or services\"