Which of the following line items of the statement of cash flows must be obtained from the income statement?

a. accruals in current liabilities.

b. cash dividends paid on both preferred and common stocks.

c. accounts receivable.

d. interest expenses.

Question

Business

Juliette Oneal

16 November, 01:06

Which of the following line items of the statement of cash flows must be obtained from the income statement?

a. accruals in current liabilities.

b. cash dividends paid on both preferred and common stocks.

c. accounts receivable.

d. interest expenses.

+3

Answers (1)

Know the Answer?

Rey Nixon · Answer 1

The answer is D.

Explanation:

Interest Expense is a line item in income statement. It is deducted from the gross profit/earnings.

Accounts Receivable is under current asset in balance sheet

Accruals in Curren liability will also be found in balance sheet.

cash dividends paid on both preferred and common stocks will be found under Statement of changes in equity.

Which of the following line items of the statement of cash flows must be obtained from the income statement?a. accruals in current liabilities.b. cash dividends paid on both preferred and common stocks.c. accounts receivable.d. interest expenses.

Which of the following line items of the statement of cash flows must be obtained from the income statement?

a. accruals in current liabilities.

b. cash dividends paid on both preferred and common stocks.

c. accounts receivable.

d. interest expenses.