Multiple Choice
Which of the following statements regarding the inclusion of liabilities on the statement of cash flows is true?
A) Long-term liabilities generally affect the investing activities section.
B) A decrease in a current liability from the beginning to the end of the year is accompanied by an inflow of cash.
C) All current liabilities affect the operating activities section.
D) A decrease in a current liability from the beginning to the end of the year is accompanied by a decrease of cash.
Correct Answer:
Verified
Correct Answer:
Verified
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