Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following section of the comparative balance sheet:
-
How will the change in Accounts payable be shown on the statement of cash flows?
A) Operating activities minus positive cash flow
B) Operating activities minus negative cash flow
C) Financing activities minus positive cash flow
D) Investing activities minus negative cash flow
Correct Answer:
Verified
Q64: Avatar Company uses the indirect method
Q65: The Sonesta Company sold equipment for cash.
Q66: Cash received from selling merchandise would be
Q67: Creditor and stockholder transactions are considered _
Q68: The Sonesta Company sold equipment for cash.
Q70: The Sonesta Company uses the indirect method
Q71: Which of the following would be considered
Q72: Avatar Company uses the indirect method to
Q73: Avatar Company uses the indirect method
Q74: A payment of interest on a loan
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents