A company's taxes payable account decreased by $1,000 during the year.Which of the following will appear on the statement of cash flows prepared using the indirect method?
A) An addition under investing activities
B) A deduction under investing activities
C) An addition under operating activities
D) A deduction under operating activities
Correct Answer:
Verified
Q60: In preparing cash flows provided by operating
Q61: Jordan Corporation reported net income of $20,000
Q62: Michael's Industries reported net income of $10,000
Q63: Which of the following items is not
Q64: Investing activities involve
A)borrowing and repaying of debt.
B)sale
Q66: Which of the following items is subtracted
Q67: A company's unearned revenue account increased by
Q68: Investing activities include
A)purchases and sales of property
Q69: Which of the following items is subtracted
Q70: A company's inventory account decreased by $1,000
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