Assume That the Park Corporation Uses the Indirect Method to Depict

question 97

Multiple Choice

Assume that the Park Corporation uses the indirect method to depict cash flows.Indicate where, if at all, an accounts receivable decrease would be classified on the statement of cash flows.

• A)Operating activities section.
• B)Investing activities section.
• C)Financing activities section.
• D)Does not represent a cash flow.

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Definitions:

Relevant Details

Information or facts closely related to the subject at hand, important for understanding or decision-making.

Main Idea

The primary or central concept being communicated in a document or conversation.

Routine Requests

Standard inquiries or appeals made in the course of regular business or daily life, often following established procedures.

Major Categories

The primary divisions or classifications within a larger system or set of data.