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what is the answer for 10 and 11 please 10) Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to

what is the answer for 10 and 11 please image text in transcribed
10) Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet 10) Virginia Company Comparative Balance Sheet December 31, 2018 and 2017 2018 Increase/(Decrease) $(2,000) 1,000 2017 Accounts Payable Accrued Liabilities Long-term Notes Payable $4,000 2,000 $6,000 1,000 90,000 (6,000 4.000 Total Liabilities S(7,000) $90.000 $97,000 How will the change in Accounts Pavable be shown on the statement of cash flows? A) as a deduction from Net Income C) as an addition to Net Income B) as a deduction from investing cash flows Das an addition to operating cash flows 11 11) Colorado Company following section of the comparative balance sheet: uses the indirect method to prepare the statement of cash flows. Refer to the Colorado Company Comparative Balance Sheet December 31, 2019 and 2018 2019 $4,000 2,000 84.000 Increase/(Decrease) $(2,000) 1,000 (6,000) $(7,000) 2018 $6,000 Accounts Payable 1,000 Accrued Liabilities 90,000 Long-term Notes Payable $97,000 $90,000 Total Llabilities How will the change in Accrued Liabilities be shown on the statement of cash flows? A) as a deduction from operating cash flows as an addition to investing cash flows B) as a deduction from Net Income D) as an addition to Net Income C)

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