A company repaid a long-term debt during the year. They will report this as an (increase/decrease) __ in the __ activities section on the statement of cash flows.
Fill in the blank(s) with the appropriate word(s).
-Decrease.
-Financing.
You might also like to view...
The auditor is permitted to violate the confidentiality rule in providing relevant information to an inquiry by a major shareholder of the client
a. True b. False Indicate whether the statement is true or false
In a furniture factory, one worker cuts the wood according to the design, another glues the furniture together, and another stains and finishes the furniture. This is an example of
A. departmentalization. B. decentralization. C. job specialization. D. job rotation. E. an automated assembly line.
When observing business processes, it is not necessary to observe all the processes at the same level of detail
a. True b. False Indicate whether the statement is true or false
Automobile dealers typically:
A) shop around based on the customer's credit score for the best deal on financing. B) give the customer the best rates even if they have bad credit. C) are doing the customer a favor by lending them the money. D) have the upper hand since financing is not like any other purchase. E) All of the answers are correct