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To identify: The activity which is not reported on the statement of
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Answer to Problem 1QC
a. Marketing activities.
Explanation of Solution
Statement of cash flows:
This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. The statement of cash flow also determines the company’s ability to pay dividends and interest.
Thus option b, c, and d, are not correct answer as per the above explanation, only option (a) is correct answer as per above explanation.
Hence, the correct answer is option a.
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Chapter 12 Solutions
Financial Accounting (11th Edition)
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