MCQs>Finance & Management>Financial Accounting>If the balance of accounts payable is $8,000 at 1/1/2010 and $6,500 at 12/31/2010, how is that represented on the Statement of cashflows?
Financial Accounting MCQs
If the balance of accounts payable is $8,000 at 1/1/2010 and $6,500 at 12/31/2010, how is that represented on the Statement of cashflows?
Answer
Correct Answer: Cashflows from operating activities reflect a negative ($1,500) use of cash
Explanation:
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