Question: A Arial BIU Aa AOE 10A ab X, X E Paste A D A 1 A Styles Styles Pane Virginia Company uses the indirect method
A Arial BIU Aa AOE 10A ab X, X E Paste A D A 1 A Styles Styles Pane Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Virginia Company Comparative Balance Sheet December 31, 2018 and 2017 Increase/(Decrease) ($2,000) 2018 2017 $4,000 $6,000 2,000 1,000 84,000 90,000 $90,000 $97,000 Accounts Payable Accrued Liabilities Long-term Notes Payable Total Liabilities 1,000 (6,000) $17,000) How will the change in Accounts Payable be shown on the statement of cash flows? A. as a deduction from investing cash flows B. as an addition to investing cash flows C. as a deduction from Net Income in the operating activities section D. as an addition to Net Income in the operating activities
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