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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