Test: Ch 16 Test-Graded This test: 100 point(s) possible Question 20 of 25 This question: 4 point(s) possible Submit test Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet Accounts Payable Accrued Liabilities Long-term Notes Payable Total Liabilities Virginia Company Comparative Balance Sheet December 31, 2024 and 2023 Increase 2024 2023 (Decrease) $4,000 $6,000 $(2,000) 2,000 1,000 1,000 84.000 90.000 (6.000) $90,000 $97,000 $(7,000) How will the change in Accounts Payable be shown on the statement of cash flows? OA. as a deduction from investing cash flows OB. as an addition to Net Income in the operating activities section OC. as a deduction from Net Income in the operating activities section OD. as an addition to operating cash flows