Multiple Choice
Which of the following statements is CORRECT?
A) In the statement of cash flows, a decrease in accounts receivable is reported as a use of cash.
B) Dividends do not show up in the statement of cash flows because dividends are considered to be a financing activity, not an operating activity.
C) In the statement of cash flows, a decrease in accounts payable is reported as a use of cash.
D) In the statement of cash flows, depreciation charges are reported as a use of cash.
E) In the statement of cash flows, a decrease in inventories is reported as a use of cash.
Correct Answer:
Verified
Correct Answer:
Verified
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