If the Indirect Method Is Used to Prepare a Statement

question 96

Multiple Choice

If the indirect method is used to prepare a statement of cash flows, which of the following would be deducted from net income to arrive at net cash flows from operating activities?

• A) Increase in accrued liabilities
• B) Increase in income taxes payable
• C) Increase in accounts receivable
• D) Decrease in prepaid expenses

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Definitions:

Elder Abuse

The mistreatment or exploitation of older individuals, which can be physical, emotional, financial, or neglectful in nature.

Perceived Dynamism

The extent to which an entity such as an organization, person, or product is viewed as progressive, innovative, and vigorous.

Perceived Trustworthiness

The degree to which an individual or entity is believed to be reliable, credible, and honest by others.

Ethical

Pertaining to morals, principles of right and wrong, or the study of these concepts.