Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Notification Flag question if (Non-trading) note payable balance for Liverpool. Co on 31/12/2019 was $ 135000, while its (Non-trading) note payable balance on 31/12/2020 was

image text in transcribed
Notification Flag question if (Non-trading) note payable balance for Liverpool. Co on 31/12/2019 was $ 135000, while its (Non-trading) note payable balance on 31/12/2020 was $ 170000. Liverpool uses indirect method to prepare cash flow, non-trading note payable will affect the cash flow as: Select one: O a. Decrease the cash flow by $ 35000 in financing activities section O b. Increase the cash flow by $ 35000 in investment activities section O c. Increase the cash flow by $ 35000 in operating activities section O d. Decrease the cash flow by $ 35000 in investment activities section e. Decrease the cash flow by $ 35000 in operating activities section f. Increase the cash flow by $ 35000 in financing activities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Energy Audits

Authors: Albert Thumann, Terry Niehus, William J. Younger

9th Edition

1466561629, 978-1466561625

More Books

Students also viewed these Accounting questions

Question

Does the duty to accommodate apply in this case?

Answered: 1 week ago