Changes in Long-Term Liabilities Belong in the Financing Section of a Cash

question 132

True/False

Changes in long-term liabilities belong in the financing section of a cash flow statement using the indirect method.

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Definitions:

Physical Things

Objects or substances that have a tangible presence and can be perceived through the senses.

Attribution Theory

A psychological theory that attempts to explain how individuals determine the causes of others' behavior, attributing it to internal dispositions or to external situations.

Lazy

Characterized by a lack of effort or unwillingness to expend energy in tasks.

Slow Shifts

Gradual changes or movements towards a different state or condition.