Using the Indirect Method

question 79

Multiple Choice

Using the Indirect Method
For the following question(s) , indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method.
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When using the indirect method, where is the decrease in accounts payable shown on the statement of cash flows?

• A) Operating activity
• B) Investing activity
• C) Financing activity
• D) Noncash investing and financing activity

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The process of handling, directing, or controlling things or people, often in a professional context, such as managing a business or project.

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The cessation of all biological functions that sustain a living organism.

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Refers to the variability in the rate of decline that people show prior to death.