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Entity L reported net income of $150,000 for the current year and uses the indirect method to report operating activities cash flow. Accounts Payable decreased
Entity L reported net income of $150,000 for the current year and uses the indirect method to report operating activities cash flow. Accounts Payable decreased by $9,000 during the year. Choose the appropriate category on the statement of cash flows to report the decrease in Accounts Payable.
Cash Flows From Operating Activities-Add to Net Income | ||
Cash Flows From Operating Activities-Deduct from Net Income | ||
Cash Flows From Investing Activities | ||
Cash Flows From Financing Activities | ||
Non-cash |
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