When listing accounts in the statement of cash flows worksheet the accumulated depreciation account is shown
A) with accounts that have credit balances.
B) with accounts that have debit balances.
C) as a credit under the reconciling items.
D) as a debit under the reconciling items.

Question

Quizplus · Accepted Answer

Accumulated depreciation is a contra asset account, which means it has a credit balance. Therefore, it should be listed with accounts that have credit balances in the statement of cash flows worksheet.

When Listing Accounts in the Statement of Cash Flows Worksheet