Question
A decreasing long-term liability account is presented on the statement of cash flows as: a) an increase in cash in the Operating Activities category. b)
A decreasing long-term liability account is presented on the statement of cash flows as:
a) an increase in cash in the Operating Activities category.
b) an increase in cash in the Financing Activities category.
c) a decrease in cash in the Investing Activities category.
d) a decrease in cash in the Financing Activities category.
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
