Which of the Following Statements Is CORRECT

question 134

Multiple Choice

Which of the following statements is CORRECT?

• A) In the statement of cash flows,a decrease in accounts receivable is subtracted from net income in the operating activities section.
• B) Dividends do not show up in the statement of cash flows because dividends are considered to be a financing activity,not an operating activity.
• C) In the statement of cash flows,a decrease in accounts payable is subtracted from net income in the operating activities section.
• D) In the statement of cash flows,depreciation is subtracted from net income in the operating activities section.
• E) In the statement of cash flows,a decrease in inventories is subtracted from net income in the operating activities section.

---

Definitions:

Abuses of Liberty

Refer to situations where the freedom or rights granted to individuals or groups are exploited or misused, often resulting in harm to others or to society as a whole.

Shays's Rebellion

In 1786-1787, American agriculturalists initiated a violent rebellion opposing state and local authorities' enforcement of taxes and debt rulings.