Operating activities: Operating activities refer to the normal activities of a company to carry out the business. The examples for operating activities are purchase of inventory, payment of salary, sales, and others. To Explain: The method of reporting warranty expense in the statement of cash flows in indirect method, and the similar accounts.

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Chapter 21, Problem 21.16Q

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Operating activities: Operating activities refer to the normal activities of a company to carry out the business. The examples for operating activities are purchase of inventory, payment of salary, sales, and others.

To Explain: The method of reporting warranty expense in the statement of cash flows in indirect method, and the similar accounts.

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