Increases and Decreases in Long-Term Liabilities and Owners' Equity Are

question 175

True/False

Increases and decreases in long-term liabilities and owners' equity are reported in the investing activities section of the cash flow statement.

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Definitions:

FMLA

The Family and Medical Leave Act is a U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.

Obligations

Duties or commitments that an individual or organization is bound to perform, often under the terms of a contract or law.

Age Discrimination

Unfair treatment of individuals in employment or other areas based on their age.

ADEA

The Age Discrimination in Employment Act (ADEA) is a U.S. federal law aimed at protecting workers and job applicants aged 40 and over from age-based discrimination in the workplace.