Question: 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
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 2018 2017 Increase/Decrease) Accounts Payable $4,000 $6,000 $(2.000) Accrued Liabilities 2.000 1,000 1,000 Long-term Notes Payable B4.000 90,000 (6.000) Total Liabilities $90,000 $97,000 $(7.000) How will the change in Accounts Payable be shown on the statement of cash flows? O A. as a deduction from Net Income B. as an addition to operating cash flows OC. as an addition to Net Income OD. as a deduction from investing cash flows Click to select your answer MacBook Air
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