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

---

Definitions:

A.L.R.s

American Law Reports, a series of legal publication compiling case law on a variety of topics for reference by legal professionals.

Pocket Pamphlets

Small booklets that are easily portable, often containing information or guidelines on specific topics.

Legal Encyclopedia

A comprehensive written compilation that contains articles on legal topics.

Persuasive Authority

Persuasive authority refers to sources of law, such as cases from other jurisdictions, that a court may consider but is not obliged to follow.