<8:06Whitney on 04/04/2023, 7:56 PMAgua Company uses the indirect method to prepare the statementof cash flows. Please refer to the following section of thecomparative balance sheet:Accounts payableAccrued liabilities1000Long-term notespayableTotal liabilities2014$4,0002,000n2013 Increase/decrease$6,0001,00084,000 90,000$90,000 $97,000How will the change in Accrued liabilities be shown on thestatement of cash flows?O a.Investing activities minus negative cash flowO b.Operating activities minus positive cash flowO c. Financing activities minus positive cash flowOd. Operating activities minus negative cash flowAll MediaWR$(2,000)1,000(6,000)$(7,000)Timd3

The cash flow statement is prepared to evaluate whether the entity generated cash or used the cash…

Agua Company uses the indirect method to prepare the statement of cash flows. Please refer to the following section of the comparative balance sheet: Accounts payable Accrued liabilities Long-term notes payable Total liabilities 2014 2013 Increase/decrease $4,000 $6,000 2,000 1,000 84,000 90,000 $90,000 $97,000 How will the change in Accrued liabilities be shown on the statement of cash flows? $(2,000 1,000 (6,000 $(7,000

Agua Company uses the indirect method to prepare the statement of cash flows. Please refer to the following section of the comparative balance sheet: Accounts payable Accrued liabilities Long-term notes payable Total liabilities 2014 2013 Increase/decrease $4,000 $6,000 2,000 1,000 84,000 90,000 $90,000 $97,000 How will the change in Accrued liabilities be shown on the statement of cash flows? $(2,000 1,000 (6,000 $(7,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Prepare the statement of cash glows using the indirect method. Please show all work Please don't provide answer in image format thank you
Using the Exhibit below, assume that the balance of Accounts Payable was $60,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Payable is $65,000 at the end of the current year. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on disposal of…
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