Unformatted text preview: 5 shares remain in treasury.) a.190. b.195. c.200. d.none of the above. 4. A cash payment made for interest is classified as: a.an operating activity on the statement of cash flows b.an investing activity on the statement of cash flows. c.a financing activity on the statement of cash flows. d.cannot be determined without additional information. 5. Watson Company has a beginning and ending accounts payable balance of $800 and $900, respectively. If Watson Company uses the indirect method of preparing the Statement of Cash Flows, the change in the accounts payable balance would: a.not be reported on the Statement of Cash Flows. b.be shown as a financing activity. c.be shown as a subtraction from net income in order to determine cash flows from operating activities. d.be shown as an addition to net income in order to determine cash flows from operating activities....
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This note was uploaded on 04/01/2008 for the course ACIS 2115 taught by Professor Jayardley during the Spring '07 term at Virginia Tech.
- Spring '07