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What productive asset should generally be classified as cash

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Reference no: EM132769197

Problem 1: In a statement of cash flows ( operating activities shown using the indirect approach ) a decrease in accounts receivable should be

a. reported as an inflow and outflow of cash      c. reported as an outflow of cash
b. deducted from net income                           d. added to net income

Problem 2: In a statement of cash flows, receipts from sales of property , plant and equipment and other productive assets should generally be classified as cash inflows from

a. operating activities       c. investing activities
b. financing activities          d. selling activities

Reference no: EM132769197

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