The Comparative Balance Sheets for Flagler Co

question 75

Multiple Choice

The comparative balance sheets for Flagler Co.for 2017 and 2016 indicate that accounts receivable decreased during 2017.Flagler uses the indirect method of preparing the operating activities section of its statement of cash flows.How will the decrease in accounts receivable be reported on the statement of cash flows?

• A) It will be included in the amount of cash and cash equivalents at the end of 2017.
• B) It will be deducted from net income in the operating activities section.
• C) It will be added to net income in the operating activities section.
• D) It will be reported as a cash outflow in the investing activities section.

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Definitions:

Avoidant Attachment

A type of insecure attachment style characterized by a tendency to maintain emotional distance from others and minimize close emotional ties.

Disorganized Attachment

A type of insecure attachment characterized by disorientation and confusion toward the caregiver, often seen in situations of neglect or abuse.

Strange Situation

An experimental procedure designed to measure the quality of attachment by observing a child's behavior in response to being separated from and then reunited with their primary caregiver, offering a new perspective on the method's principle.

Enforces Discipline

The act of applying rules and consequences consistently to guide and regulate behavior, often used in contexts involving parenting, education, or management.