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Which revenues and expenses reported on the income statement

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Reference no: EM132701947

Problem 1: Which activities represent the company's primary source of cash over the life of the business?

a. investing activities

b. financing activities

c. buying and selling activities

d. operating activities

Problem 2: The method of reporting cash flows from operating activities under which revenues and expenses reported on the income statement are adjusted to reflect the amount of cash received or expended for each item is called the

a. indirect method.

b. combination method.

c. adjusted method.

d. direct method.

d. issuance of preferred stock.

Reference no: EM132701947

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