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H3Ko H3Ko
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7 years ago
On a statement of cash flows prepared using the direct method, cash received from selling merchandise is considered a ________.
A) cash inflow from operating activities
B) cash inflow from investing activities
C) cash outflow from financing activities
D) cash outflow for financing activities
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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