From the following list, identify whether the change in the account balance during the year would be reported as an operating (O), an investing (I), or a financing (F) activity or not separately reported on the statement of cash flows (N).Assume that the indirect method is used to determine the cash flows from operating activities.
-Other accrued liabilities
A)O - Operating
B)I - Investing
C)F - Financing
D)N - Not separately reported on the Statement of Cash Flows

Question

Quizplus · Accepted Answer

Other accrued liabilities are part of operating activities as they represent expenses incurred by the company in the normal course of business. Therefore, the change in the account balance would be reported as an operating activity on the statement of cash flows.

From the Following List, Identify Whether the Change in the Account