Multiple Choice
On a statement of cash flows using the indirect format,a decrease in unearned revenue is:
A) deducted from net income in the operating activities section
B) included as an outflow in the financing activities section
C) added to net income in the operating activities section
D) ignored,since it is a noncash expenditure
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Create the operating section of the statement
Q3: On a statement of cash flows using
Q4: Cash flows for financing activities do not
Q5: Using the indirect method (statement of cash
Q6: The purchase of treasury stock is reported
Q8: Identify each of the following transactions as
Q9: On a statement of cash flows using
Q10: Which of the following is true about
Q11: Explain how depreciation is handled under the
Q12: Interest revenue for the current year was