Question: When preparing financial statements, Entity H uses US GAAP and uses the direct method for operating activities in its statement of cash flows. For the

When preparing financial statements, Entity H uses US GAAP and uses the direct method for operating activities in its statement of cash flows. For the following item, indicate on which financial statement, it would appear: Cash used to construct a new outpatient clinic

A) Multi-step income statement

B) Classified balance sheet

C) Retained earnings statement

D) Statement of cash flows

E) Not on any financial statement

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