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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.
-Taxes payable
GDP Per Person
A measure of a country's economic output (Gross Domestic Product) divided by its population, indicating the average economic productivity per person.
Income
Earnings from work or investments, including wages, salaries, dividends, and interest.
Expenditure
The act of spending funds or disbursing money for various purposes such as operations, investments, or consumption.
GDP Per Person
A measure of a country's economic output that accounts for its number of people, indicating average economic productivity per person.
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