Question: When preparing a statement of cash flows using the indirect method, which of the following should not be classlfied as an operating cash flow? Multiple

When preparing a statement of cash flows using the indirect method, which of the following should not be classlfied as an operating cash flow?
Multiple Chosce
As increase in eccoumts recevable.
A decrease in accounts poyable
Proceeds from the disposal of a long-term asset with no gatn or loss.
An increase in prepaid expenses.
A decrease in accrued expenses payable.
When preparing a statement of cash flows using the indirect method,

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!

Q:

1- When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except: Multiple Choice An increase in accounts receivable....

Q:

Perez Biofuels Company is preparing its statement of cash flows using the indirect method. Refer to the following information: 1. Repayments on Long-term Notes Payable $61,000 2. New borrowing on...

Q:

The face value of a bond is $79,000, its stated rate is 7%, and the term of the bond is five years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. Determine the K...

Q:

Washington Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balance sheet Washington Company Comparative Balance Sheet...

Q:

Daniel Corporation had net income for 2018 of $80,000. Daniel had 12,000 shares of common stock outstanding at the beginning of the year and 17,000 shares of common stock outstanding at the end of...

Q:

Daniel Corporation had net income for 2018 of $80,000. Daniel had 12,000 shares of common stock outstanding at the beginning of the year and 17,000 shares of common stock outstanding at the end of...

Q:

When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except: Multiple Choice (2 003024 O A decrease in accounts...

Q:

When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except: Multiple Choice An increase in prepaid expenses. An...

Q:

When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except Multiple Choice An increase in prepaid expenses. A...

Q:

0 When preparing a statement of cash flows using the indirect method, which of the following should not be classified as an operating cash flow? 0 3 : 2 8 : 3 4 Multiple Choice Proceeds from the...

Q:

Organizations in the public and nonprofit sector, such as government agencies and charitable social service entities, have financial systems that budget expenses and monitor and control actual...

Q:

If AB = BA and p is a nonnegative integer, show that (AB)P = APBP.

Q:

at the breakeven point, a ) operatin income equals total sales. b ) sales revenue equals zero. c ) opoerating income equals total costs. d ) sales revenue eqauls total cost

Q:

Question 23 Not yet answered Marked out of 4.00 P Flag question Write a python program to read average bill of a supermarket as input and print the message according to the conditions given below [4...