When Preparing a Statement of Cash Flows Using the Indirect

question 131

Multiple Choice

When preparing a statement of cash flows using the indirect method,each of the following should be classified as an operating cash flow except:

• A)An increase in accounts receivable.
• B)A decrease in accounts payable.
• C)Proceeds from the disposal of a long-term asset with no gain or loss.
• D)An increase in prepaid expenses.
• E)A decrease in accrued expenses payable.

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Definitions:

Past 50 Years

Referring to events, developments, or changes that have occurred during the last half-century.

Prejudice And Discrimination

Negative attitudes and behaviors towards individuals or groups based on preconceived judgments or characteristics.

Racist Views

Prejudiced beliefs or discriminatory attitudes towards individuals based primarily on their race or ethnicity.

Social Dominance Orientation

A personality trait that predicts social and political attitudes, reflecting a preference for inequality among social groups.