The following items were reported on the balance sheets and income statements of Marshall Company: Accounts payable, December 31, 2005 $42,000 Accounts payable, December 31, 2006 48,000 Operating expenses 286,000 How would the change in accounts payable be reported in the operating activities section of the statement of cash flows under the indirect method?
A) as an addition to operating expenses.
B) as a deduction from operating expenses.
C) as an addition to net income.
D) as a deduction from net income.
C
You might also like to view...
Self-leadership in a masculine culture may be motivated by which of the following?
a. Material outcomes and enhancing relationships b. Economic outcomes and enhancing relationships c. Material outcomes and economic outcomes d. Enhancing relationships
In the United States, Google is not required to remove results from its search engine if requested.
Answer the following statement true (T) or false (F)
What is a sample? Name the two cross-sectional approaches used to obtain a sample. How many people would you need to sample in a population of 500,000 to arrive at a five percent margin of error?
What will be an ideal response?
Both state and federal governments have enacted antitrust laws
Indicate whether the statement is true or false