Asked by
Emily Gamble
on Oct 09, 2024
Verified
Paying taxes to governmental bodies is considered a cash outflow in the operating activities section on the statement of cash flows.
Operating Activities
Business activities directly related to the production and delivery of goods and services, which are reflected in the cash flow statement.
Cash Outflow
Money or funds that leave a company, typically through expenses, purchases, or investments.
- Develop an understanding of the components and categories inherent in the statement of cash flows.
- Effectively distinguish and categorize operations, finance, and investment related activities.
Verified Answer
PJ
Learning Objectives
- Develop an understanding of the components and categories inherent in the statement of cash flows.
- Effectively distinguish and categorize operations, finance, and investment related activities.
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