Post Utme Aaua 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice

Question 35 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A government agency is required to prepare a statement of cash flows using the direct method. What is the first step in preparing this statement?

A. Prepare a list of all cash transactions

Correct Answer B. Classify all cash transactions into operating, investing, and financing activities

C. Calculate the net cash flow from operating activities

D. Prepare a statement of cash flows using the indirect method

Correct Answer

Correct Option:

Classify all cash transactions into operating, investing, and financing activities

This is Post Utme Aaua 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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