A Decreasing Long-Term Liability Account Is Presented on the Statement

question 16

Multiple Choice

A decreasing long-term liability account is presented on the statement of cash flows as

• A)a decrease in cash in the Financing Activities category.
• B)a decrease in cash in the Investing Activities category.
• C)an increase in cash in the Operating Activities category.
• D)an increase in cash in the Financing Activities category.

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Definitions:

Cornea

The clear, dome-shaped front surface of the eye that helps to focus light onto the retina.

Window

An opening in the wall of a building, vehicle, or container, typically covered with glass, that allows light and air to enter and people to see out; metaphorically, an opportunity or period of time.

Retina

The light-sensitive layer of tissue at the back of the inner eye, which transmits visual information to the brain via the optic nerve.

Fovea

A tiny pit located in the macula of the retina, providing the clearest vision of fine details when looking directly at an object.