Salaries Payable would be reported in the statement of cash flows prepared by the indirect method in:
A) the operating activities section.
B) the financing activities section.
C) the investing activities section.
D) None of the above

Question

Quizplus · Accepted Answer

Salaries Payable is related to the day-to-day operations of a business, and changes in this account are reported in the operating activities section of the statement of cash flows when using the indirect method.

Salaries Payable Would Be Reported in the Statement of Cash