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OOOO 1.66 points Under the Indirect method of cash flow statement preparation, accounts payable decreasing during the period tells cash payments for expenses were the

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OOOO 1.66 points Under the Indirect method of cash flow statement preparation, accounts payable decreasing during the period tells cash payments for expenses were the same as the expenses reported on the income statement. Achange in accounts payable does not tell us anything about cash. cash payments for expenses were less than the expenses reported on the income statement. cash payments for expenses were more than the expenses reported on the income statement 53 167 points On the cash flow statement, an example of a significant non-cash disclosure would be: payment of divdends. paying cash for a piece of equipment. the issuance of common stock to pay for land. repaying a loan

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