Virginia company uses the indirect method to prepare the statement of cash flows. refer to the following
section of the comparative balance sheet:
virginia company
comparative balance sheet
december 31, 2018 and 2017
2018 2017 increase/(decrease)
accounts payable $4,000 $6,000 $(2,000)
accrued liabilities 2,000 1,000 1,000
long-term notes payable 84,000 90,000 (6,000)
total liabilities $90,000 $97,000 $(7,000)
how will the change in accounts payable be shown on the statement of cash flows?
a) as a deduction from investing cash flows
b) as an addition to operating cash flows
c) as an addition to net income
d) as a deduction from net income
Answers: 1
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scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.
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Virginia company uses the indirect method to prepare the statement of cash flows. refer to the follo...
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