Under the Indirect Method to Prepare the Statement of Cash

question 47

True/False

Under the indirect method to prepare the statement of cash flows,a decrease in accounts payable is deducted from net income when calculating Net Cash Provided by Operating Activities.

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Definitions:

Primary Alkyl Halide

An alkyl halide where the halogen atom is bonded to a carbon atom with only one other carbon atom attached, making it primary.

Isopropyl Bromide

An organic compound with the molecular formula C3H7Br, used primarily in organic synthesis as an alkylating agent.

T-butyl Iodide

T-butyl iodide, also known as tert-butyl iodide, is a colorless, flammable chemical compound used in organic synthesis, with the formula (CH3)3CI.

Bromoalkane

A hydrocarbon in which one or more hydrogen atoms have been replaced by bromine.