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

question 102

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.
-Notes 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:

Sacajawea

A Lemhi Shoshone woman who is known for her help to the Lewis and Clark Expedition in achieving their chartered mission objectives by exploring the Louisiana Territory.

Shoshone

A Native American tribe originally from the western United States, known for their cultural richness and history of resistance.

Meriwether Lewis

An American explorer best known for leading the Lewis and Clark Expedition to explore the western territories of the United States.