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:

Market Growth Potential

The capacity for expansion or increased sales within a market, considering current trends and consumer demand.

Product Substitutes

Alternative goods or services that consumers can choose as replacements for another item, usually because they fulfill similar needs or functions.

Buying Power

The capacity of individuals or groups to purchase goods and services, often influenced by income, credit, and economic conditions.

Market Segment

A group of consumers or organizations sharing one or more characteristics that cause them to have similar product and/or service needs.