For Each of the Following Activities That May Take Place

question 182

Multiple Choice

For each of the following activities that may take place during the accounting period, indicate the effect (a-g) on the statement of cash flows prepared using the indirect method. Choices may be selected as the answer for more than one question.
-Repayment of long-term note payable

• A)Increase cash from operating activities
• B)Decrease cash from operating activities
• C)Increase cash from investing activities
• D)Decrease cash from investing activities
• E)Increase cash from financing activities
• F)Decrease cash from financing activities
• G)Noncash investing and financing supplement

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Definitions:

Future Generations

Future cohorts of people who will live after the current generation and are considered in planning and policy discussions, especially concerning sustainability and environmental preservation.

Closed-loop

A system where the products, materials, or resources are recycled back into the process, minimizing waste and the need for new raw materials.

Returned Goods

Items that have been sold and later returned by the customer to the seller, usually due to issues like defects, dissatisfaction, or the wrong product being delivered.

Logistics Functions

The tasks involved in the planning, implementation, and control of the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption.