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Find accounts payable would be classified on the statement

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Problem 1: Assume that the I'M GOING TO ACE THE FINAL Inc. uses the indirect method to determine cash flows. Indicate where, if at all, payment of accounts payable would be classified on the statement of cash flows

Group of answer choices

(a) Operating activites section

(b) Investing activities section

(c) Financing activities section

(d) The collection of accounts receivable does not affect the statement of cash flows

Problem 2: Assume that Review Sessions Company uses the indirect method to determine cash flows. Indicate where, if at all, the issuance of long-term debt for cash would be classified on the statement of cash flows.

Group of answer choices

(a) Operating activites section

(b) Financing activities section

(c) Investing activities section

(d) Issuance of long-term debt is in a footnote to the Cash Flow Statement

(e) The retirement with cash represents an item reflected in the footnotes of the stmt of cash flow

Reference no: EM132729575

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