On a Statement of Cash Flows Prepared Using the Indirect

question 133

Multiple Choice

On a statement of cash flows prepared using the indirect method, an increase in Accounts Payable during the period is:

• A)deducted from net income to determine net cash provided by operating activities.
• B)added to net income to determine net cash provided by financing activities.
• C)added to net income to determine net cash provided by operating activities.
• D)deducted from net income to determine net cash provided by financing activities.

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Definitions:

Males

Referring to the sex that produces small, mobile gametes (such as sperm in humans) which fertilize the larger gametes produced by females.

Females

Individuals of a species that are typically characterized by two X chromosomes, capable of producing eggs, and in many species can carry offspring through pregnancy and childbirth.

Hemostasis

Hemostasis is the physiological process by which bleeding ceases, involving blood vessel constriction, platelet plug formation, and blood clotting.

Prothrombin

A plasma protein that is converted into thrombin during the blood clotting process, playing a critical role in hemostasis.