FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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8:06
Whitney on 04/04/2023, 7:56 PM
Agua Company uses the indirect method to prepare the statement
of cash flows. Please refer to the following section of the
comparative balance sheet:
Accounts payable
Accrued liabilities
1000
Long-term notes
payable
Total liabilities
2014
$4,000
2,000
n
2013 Increase/decrease
$6,000
1,000
84,000 90,000
$90,000 $97,000
How will the change in Accrued liabilities be shown on the
statement of cash flows?
O a.
Investing activities minus negative cash flow
O b.
Operating activities minus positive cash flow
O c. Financing activities minus positive cash flow
Od. Operating activities minus negative cash flow
All Media
WR
$(2,000)
1,000
(6,000)
$(7,000)
Tim
d3
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Transcribed Image Text:< 8:06 Whitney on 04/04/2023, 7:56 PM Agua Company uses the indirect method to prepare the statement of cash flows. Please refer to the following section of the comparative balance sheet: Accounts payable Accrued liabilities 1000 Long-term notes payable Total liabilities 2014 $4,000 2,000 n 2013 Increase/decrease $6,000 1,000 84,000 90,000 $90,000 $97,000 How will the change in Accrued liabilities be shown on the statement of cash flows? O a. Investing activities minus negative cash flow O b. Operating activities minus positive cash flow O c. Financing activities minus positive cash flow Od. Operating activities minus negative cash flow All Media WR $(2,000) 1,000 (6,000) $(7,000) Tim d3
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