For Each of the Following Activities That May Take Place

question 81

Multiple Choice

For each of the following activities that may take place during the accounting period, indicate the effect a-g on the statement of cash flows prepared using the indirect method.Choices may be selected as the answer for more than one question.
-repayment of long-term note payable

• A)increase cash from operating activities
• B)decrease cash from operating activities
• C)increase cash from investing activities
• D)decrease cash from investing activities
• E)increase cash from financing activities
• F)decrease cash from financing activities
• G)noncash investing and financing supplement

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Definitions:

Californians

Refers to the residents or natives of California, a state in the western United States.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Newport Beach

A coastal city in Orange County, California, known for its large, boat-filled harbor, beaches, and upscale residential areas.

Emotional Reasoning

A cognitive process where a person concludes that their emotional reaction reflects the way things really are, despite contrary empirical evidence.