When preparing the statement of cash flows using the indirect method, an increase in accounts payable would appear as
a. a decrease in the operating activities section
b. an increase in the operating activities section
c. a use of cash in the investing activities section
d. a source of cash in the investing activities section
B
You might also like to view...
Herbie recently read that Crane Airways of Japan, Kestrel Airlines of Germany, Heron Air of Australia, and Egret Airways of India have code sharing partnership, which allows passengers to fly on any of the airlines, share frequent flyer miles, and give each other logistical support. Herbie had just learned in his Global Marketing class that this arrangement is known as a(n) ________.
A. franchising B. strategic alliance C. acquisition D. green field project E. licensing
Explain how price differentials may be justified so that the Robinson-Patman Act is not violated
Business torts consist of:
A) interference with contractual relations. B) disparagement. C) fraudulent misrepresentation. D) All of these.
Which of the following is a disadvantage of factoring?
A) ensures an uneven pattern of cash flows B) eliminates credit and collection departments C) turns accounts receivable into cash quickly D) highly expensive source of short-term financing