What effect does the following journal entry have on the amount of cash generated by operating activities?
A)Decreases it
B)Increases it
C)Has no effect
D)Cannot be determined from the information given

Question

What effect does the following journal entry have on the amount of cash generated by operating activities? 
A)Decreases it 
B)Increases it 
C)Has no effect 
D)Cannot be determined from the information given

Quizplus · Accepted Answer

The question does not provide any information about the content of the journal entry, so it is impossible to determine whether it would have a positive or negative effect on the amount of cash generated by operating activities. Therefore, the answer is C, it has no effect.

What Effect Does the Following Journal Entry Have on the Amount