Multiple Choice
For each of the following activities that may take place during the accounting period, indicate the effect (a-g) on the statement of cash flows prepared using the indirect method. Choices may be selected as the answer for more than one question.
-Payment of dividends
A) Increase cash from operating activities
B) Decrease cash from operating activities
C) Increase cash from investing activities
D) Decrease cash from investing activities
E) Increase cash from financing activities
F) Decrease cash from financing activities
G) Noncash investing and financing supplement
Correct Answer:

Verified
Correct Answer:
Verified
Q166: Balances of the current asset and current
Q167: Sales for the year were $600,000. Accounts
Q168: Fortune Corporation's comparative balance sheet for current
Q169: When using the spreadsheet (work sheet) for
Q170: For each of the following, identify whether
Q172: On the statement of cash flows, the
Q173: The following information is available from the
Q174: For each of the following activities that
Q175: For each of the following, identify whether
Q176: A major disadvantage of the indirect method