The Following Items Were Reported on the Balance Sheets and Income

question 66

Multiple Choice

The following items were reported on the balance sheets and income statements of Marshall Company: How would the change in accounts payable be reported in the operating activities section of the statement of cash flows under the indirect method?

• A)As an addition to operating expenses.
• B)As a deduction from operating expenses.
• C)As an addition to net income.
• D)As a deduction from net income.

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Definitions:

Oral Briefings

Verbal presentations provided to inform or update a group or individual on specific topics or situations.

Formal

Pertains to actions, events, or situations that follow established conventions, protocols, or etiquette, often characterized by a serious or official tone.

Rhetorical Question

A question asked more to produce an effect or make a statement rather than to elicit an answer.

Paraphrase

The act of rewording or restating text or speech to clarify its meaning or to present it in a different manner.