Using the T-Account Approach

question 75

Multiple Choice

Using the T-account approach:

• A)Net income appears on the debit side of the Cash account under operating activities.
• B)Payment of long-term debt appears on the debit side of the Cash account under financing activities.
• C)Purchase of equipment appears on the credit side of the Cash account under operating activities.
• D)An increase in Accounts Receivable appears on the debit side of the Cash account under operating activities.

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Definitions:

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