Cash payments made on accounts payable or accrued liabilities are considered repayments of loans and are classified as financing activities on the statement of cash flows.

Name: Cash payments made on accounts payable or accrued liabilities are considered repayments of loans and are classified as financing activities on the statement of cash flows.
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Question

Quizplus · Accepted Answer

Cash payments made on accounts payable or accrued liabilities are considered operating activities, not financing activities, on the statement of cash flows.

Cash Payments Made on Accounts Payable or Accrued Liabilities Are