On a Statement of Cash Flows Using the Indirect Format,an

question 31

Multiple Choice

On a statement of cash flows using the indirect format,an increase in taxes payable is:

• A)ignored,since it is a noncash expenditure
• B)added to net income in the operating activities section
• C)included as an outflow in the financing activities section
• D)deducted from net income in the operating activities section

---

Definitions:

Insanity

A legal and psychiatric term referring to the inability of an individual to understand the difference between right and wrong or the nature of their actions due to mental illness.

Legal Term

A phrase or word that has a specific meaning within the context of the law.

Psychological Term

A word or phrase used to describe a concept within the field of psychology.

Maladaptive Personality Traits

Maladaptive Personality Traits are characteristics that negatively affect an individual's ability to function in various life domains, including work, relationships, and mental health.