From the Following List, Identify Whether the Change in the Account

question 84

Multiple Choice

From the following list, identify whether the change in the account balance during the year would be reported as an operating (O) , an investing (I) , or a financing (F) activity or not separately reported on the statement of cash flows (N) .Assume that the indirect method is used to determine the cash flows from operating activities.
-Salaries and wages payable

• A)O - Operating
• B)I - Investing
• C)F - Financing
• D)N - Not separately reported on the Statement of Cash Flows

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Definitions:

Period-to-period Statements

Comparative financial reports that show changes in a company's financial position over successive periods.

Revenue Trend Percent

A metric that measures the rate of change in a company's revenue over a specific period, helping to understand growth patterns.

Base Year

A specific year against which economic or financial data is compared over a period of time.

Sales

The exchange of goods or services for money, measuring the primary revenue-generating activities of a business.