A company uses the indirect method to prepare the statement of cash flows. How will the adjustment to reflect the amount of cash payments to suppliers be presented on the statement?
A) The adjustment will be for the increase or decrease in accounts payable for the period and will adjust net income in the operating activities section.
B) The adjustment will be for the increase or decrease in inventory for the period and will adjust net income in the operating activities section.
C) The adjustment will be for the increase or decrease in accrued expenses for the period and will adjust net income in the operating activities section.
D) The adjustment will be for the increase or decrease in accounts receivable for the period and will adjust net income in the operating activities section.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company uses the indirect method to prepare the statement of cash flows. How will the adjustment to reflect the amount of cash payments ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A Federally assisted disaster relief program is trying to streamline its services and provide one-stop shopping for residents with special needs.
Answers (1)
Pros and cons on outdoor advertising
Answers (1)
Monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of theproduct variety externality implies that there is too little entry of new firms in the market.
Answers (1)
The time for the current iteration is up and one of the features isn't complete. What do you do? Select an answer: Stop working and add the incomplete feature back into the backlog.
Answers (1)
On July 1, 2012, Roberts Corporation issued $3,000,000 of 9% bonds payable in 20 years. The bonds include detachable warrants giving the bondholder the right to purchase for $30 one share of $1 par value common stock at any time during the next 10
Answers (1)
New Questions in Business
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $250.00.
Answers (1)
The direct link between customers and the company is performed by: legal services marketing information chemists environmental chemists corporate management
Answers (1)
Limited liability companies are primarily designed to: a. spin off a wholly owned subsidiary b. provide the benefits of the corporate structure to foreign-based entities c.
Answers (1)
Does dollar tree employees get a discount
Answers (1)
It is difficult to imitate a distinctive competence because: a. its nature might not be understood by competing firms. b. its application will lead to competitive parity. c. it might not be applicable to a competing firms' products. d.
Answers (1)