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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
Promotion
A strategy used to raise awareness about a product, service, or entity, typically aiming to increase sales or public recognition.
B2B Products
B2B products are goods and services marketed and sold from one business to another, as opposed to consumer-facing transactions.
Sales Volume
The quantity of products or services sold within a particular period, indicating the level of business activity.
Promotional Strategy
A marketing approach aimed at communicating the value of a product or service to customers, intending to increase sales.
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