Martin Company Is Preparing Its Statement of Cash Flows Using

question 22

Multiple Choice

Martin Company is preparing its statement of cash flows using the indirect method. During the year, they purchased equipment for $15,000 cash. Which of the following statements is true?

• A)$15,000 would be shown as a negative cash flow in the operating activities section.
• B)$15,000 would be shown as a negative cash flow in the investing activities section.
• C)$15,000 would be shown as a positive cash flow in the investing activities section.
• D)$15,000 would be shown as a positive cash flow in the financing activities section.

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Body Mass Index, a measure of body fat based on height and weight that applies to adult men and women.

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The reduction of total body mass through diet, exercise, or medical treatment.

African American

An ethnic group in the United States consisting of individuals with total or partial ancestry from any of the Black racial groups of Africa.

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A chronic condition that affects the way the body processes blood sugar (glucose).