Colorado Company uses the indirect method to prepare the statement of cash flows.Refer to the following section of the comparative balance sheet: How will the change in Accrued Liabilities be shown on the statement of cash flows?
A)as an addition to Net Income
B)as a deduction from Net Income
C)as a deduction from operating cash flows
D)as an addition to investing cash flows

Question

Colorado Company uses the indirect method to prepare the statement of cash flows.Refer to the following section of the comparative balance sheet:  How will the change in Accrued Liabilities be shown on the statement of cash flows?
A)as an addition to Net Income 
B)as a deduction from Net Income 
C)as a deduction from operating cash flows 
D)as an addition to investing cash flows

Quizplus · Accepted Answer

The Answer of Colorado Company uses the indirect method to prepare the statement of cash flows.Refer to the following section of the comparative balance sheet:  How will the change in Accrued Liabilities be shown on the statement of cash flows?
A)as an addition to Net Income 
B)as a deduction from Net Income 
C)as a deduction from operating cash flows 
D)as an addition to investing cash flows

Colorado Company Uses the Indirect Method to Prepare the Statement