Question
During 2016, the accounts payable balance of Bombay Bloomers Business decreased. On the statement of cash flows the financial reader would most likely conclude that
During 2016, the accounts payable balance of Bombay Bloomers Business decreased. On the statement of cash flows the financial reader would most likely conclude that this decrease:
is deducted from total comprehensive income in the operating activities section of a statement of cash flows prepared under the indirect method | ||
is not reported and further information is necessary to analyse whether this would impact cash | ||
is disregarded when the operating activities section of a statement of cash flows is prepared under the direct method | ||
is considered only when the operating activities section of a statement of cash flows is prepared under the direct method |
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