Question
During the year, the notes payable account increased from $45,000 to $50,000. How, if at all, is this reflected when computing net income from operations?
During the year, the notes payable account increased from $45,000 to $50,000. How, if at all, is this reflected when computing net income from operations?
a. Not reported in operating section
b. Added in operating activities
c. Subtracted in operating activities
d. Added in cash flows from financing
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Management Accounting For Business
Authors: Colin Drury, Mike Tayles
8th Edition
1473778808, 978-1473778801
