If accrued liabilities decrease during the year, which of the following is correct when completing the statement of cash flows using the indirect method A gain on disposal of an asset would be an increase A decrease in accrued liabilities would be shown as a decrease to cash A decrease in accrued liabilities would have no impact on cash A decrease in accrued liabilities would be shown as an increase to cash

The Answer is in the image, click to view ...

Question: If accrued liabilities decrease during the year, which of the following is correct when completing the statement of cash flows using the indirect method? A

If accrued liabilities decrease during the year, which of the following is correct when completing the statement of cash flows using the indirect method?

		A gain on disposal of an asset would be an increase.
		A decrease in accrued liabilities would be shown as a decrease to cash.
		A decrease in accrued liabilities would have no impact on cash.
		A decrease in accrued liabilities would be shown as an increase to cash.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

If accrued liabilities decrease during the year, which of the following is correct when using a spreadsheet to complete the statement of cash flows by the indirect method?

Need detailed SWOT Analysis Of this Case. & 500 Words Overview. STATEMENT OF CASH FLOWS: PREPARATION, ANALYSIS & LINKAGES How was Lucky Cement Limited Company able to invest Rs. 5.6 billion in a...

Hi tutor, its all about STATEMENT OF CASH FLOWS, help me to solve for it and please provide solution. In order to understand it and make it as a reviewer for my upcoming exam. Thank you of Problem...

with the information of the statement of financial postition and statement of income as well as additional information regarding 2024, prepare statement of cash flows using indirect method ( cash...

Orelle Berhad is a matured company and has many subsidiaries. The Consolidated Statement of Comprehensive Income for the year ended 30 June 2021 for Orelle Berhad is given below: Included in the...

prepare statemwnt od cash flows using indirect method and prepare the operating section of the statement of cash flows using the direct method also preapre thw operating section of the statement of...

Please answer it (COMPLETELY) all of the activities. Answer it with Activity Titles/Numbers so we know which page are those answers. Answer it with a good handwriting so we'll understand too....

Refer to information in QS 24-3. Assume the actual cost to manufacture one metal bat was $54. Compute the cost variance and classify it as favorable or unfavorable.

Arton Management has five part-time employees, each of whom earns $165 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on...

3. Whats one way she might be able to obtain a bank credit card? Explain.

Identify one new retail innovstion currently in the industry that has emerged since thr onset of Covid. Incorporate the terms, concepts, and theories learned in this course Who is the retailer and...

1 T he change at Travelodge was conducted in order to meet business targets and the business was sold following the changes. To what extent do you think the changes can be regarded as organisation...

1 Which aspects of the change management approach at the British Museum would be likely to enhance trust between management and workers? In 2002 the British Museum was regarded as being in crisis...

Can you manage the distribution, approval, version control and revision processes?