Nelson Corp The Change in Accounts Payable Is as a Negative Cash

question 96

True/False

Nelson Corp.uses the indirect method to prepare the statement of cash flows.Refer to the following section of the comparative balance sheet:
$\begin{array}{c}\text {Nelson Corp.}\\\text {Comparative Balance Sheet}\\\text {December 31, 2017 and 2016}\\\begin{array}{|l|r|r|r|}\hline& 2017 & 2016 & \text { Increase/(Decrease) } \\ \hline\text { Accounts Payable } & \$ 8,000 & \$ 9,000 & \$(1,000) \\\hline \text { Accrued Liabilities } & 3,000 & 1,500 & 1,500 \\\hline \text { Long-term Notes Payable } & \underline{56,00} & \underline{60,000} & \underline{(4,000)} \\\hline \text { Total Liabilities } & \$ 67,00 & \$ 70,500 & \$(3,500) \\\hline\end{array}\end{array}$ The change in Accounts Payable is as a negative cash flow in the adjustments to net income.

Understand the basic principles and applications of copyright law in Canada.

Identify and differentiate between the types of legal remedies available for copyright infringement.

Comprehend the criteria and legal protections for patents in Canada.

Understand the conditions under which copyright does not protect original works.

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Definitions:

Floating Rate Bond

A bond with an interest rate that is tied to a benchmark, such as LIBOR, and can change over time.

Coupon Payment

A periodic interest payment made to bondholders during the life of a bond.

Income Bond

A type of bond that only pays interest if the issuer has sufficient earnings to cover the interest payments.

Protective Covenants

Conditions written into financial agreements that the issuer must follow, such as restrictions on issuing more debt or making capital distributions.