Question 3 Select the item below which would be reported in the Income Statement but NOT the Cash Flow Statement Drawings Cost of Sales Loan from Big Bank Credit Sales Inventory loss

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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B4.

 

D
Question 3
Select the item below which would be reported in the Income Statement but NOT the Cash Flow Statement
Drawings
Cost of Sales
Loan from Big Bank
Credit Sales
Inventory loss.
GST Paid
Select the item below which would be reported in the Cash Flow Statement but NOT the Income Statement
Cost of Sales
GST Settlement
O Cash purchase of Inventory
Cash sale of old Equipment
Credit Sales
Inventory Gain
Transcribed Image Text:D Question 3 Select the item below which would be reported in the Income Statement but NOT the Cash Flow Statement Drawings Cost of Sales Loan from Big Bank Credit Sales Inventory loss. GST Paid Select the item below which would be reported in the Cash Flow Statement but NOT the Income Statement Cost of Sales GST Settlement O Cash purchase of Inventory Cash sale of old Equipment Credit Sales Inventory Gain
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