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Author Question: Brandon, Inc. had a $1,000 increase in accounts payable during the year. Which of the following will ... (Read 55 times)

xjustxicex

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Brandon, Inc. had a $1,000 increase in accounts payable during the year. Which of the following will appear on the statement of cash flows prepared using the indirect method?
◦ Add $1,000 to net income in order to arrive at net cash provided by operating activities.
◦ Deduct $1,000 to arrive at net cash flows from investing activities.
◦ Deduct $1,000 from net income in order to arrive at net cash provided by operating activities.
◦ Do not include the $1,000 in the statement of cash flows but show it in an accompanying schedule of non-cash transactions.


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Marked as best answer by xjustxicex on Feb 5, 2023

mamboz

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xjustxicex

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


brbarasa

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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