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Question

Which of the following statements is CORRECT?

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A.In the statement of cash flows, a decrease in accounts receivable is reported as a use of cash.


B.Dividends do not show up in the statement of cash flows because dividends are considered to be a financing activity, not an operating activity.


C.In the statement of cash flows, a decrease in accounts payable is reported as a use of cash.


D.In the statement of cash flows, depreciation charges are reported as a use of cash.


E.In the statement of cash flows, a decrease in inventories is reported as a use of cash.

Top Answer

correct option is c. In the statement of... View the full answer

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