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:

Flights

Scheduled air services between two points, but in business terms, it can also refer to a rapid execution of a series of tasks or operations.

Plane Operating Costs

The expenses related to operating an aircraft, including maintenance, fuel, and crew expenses.

Planning Budget

A planning budget is formulated prior to a budget period and is based on management's objectives, serving as a guide for financial planning and performance evaluation.

Flights

Refers to scheduled air travel trips or could imply the launching or operation of aircraft.