Refer to the data for Valance & Company.
REQUIRED:
1 Give a possible explanation for each change in the liabilities listed in the cash flow statement. Do you think these changes are beneficial for Valance? Why or why not?
2 If there were a balance in the dividends payable account at the end of the year, would this appear in the operating activities category of the cash flow statement? Why or why not?

Question

Quizplus · Accepted Answer

The Answer of Refer to the data for Valance & Company.
REQUIRED:
1 Give a possible explanation for each change in the liabilities listed in the cash flow statement. Do you think these changes are beneficial for Valance? Why or why not?
2 If there were a balance in the dividends payable account at the end of the year, would this appear in the operating activities category of the cash flow statement? Why or why not?

Refer to the Data for Valance & Company