A Decreasing Long-Term Liability Account Is Presented on the Statement

question 16

Multiple Choice

A decreasing long-term liability account is presented on the statement of cash flows as

• A)a decrease in cash in the Financing Activities category.
• B)a decrease in cash in the Investing Activities category.
• C)an increase in cash in the Operating Activities category.
• D)an increase in cash in the Financing Activities category.

---

Definitions:

Siblings

Brothers or sisters, including those by full blood, half-blood, or through adoption.

Cousins

Relatives with whom one shares a common ancestor, but more distant than a sibling or a direct parent/child relationship.

Non-Family Members

Individuals who are not related by blood, marriage, or legal adoption to a particular person or family.

Egoistic Helping

When a helper seeks to increase his or her own welfare by helping another.