Questions
BU.210.650.51.FA25 Final Exam- Requires Respondus LockDown Browser
Single choice
When preparing the statement of cash flows using the indirect method (U.S. GAAP), the current portion of long-term debt would appear
Options
A.None of the suggested answers
B.in the investing activities section
C.in the financing activities section
D.in the operating activities section
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Step-by-Step Analysis
When evaluating where the current portion of long-term debt appears on the statement of cash flows under the indirect method (U.S. GAAP), we must consider how debt classifications are treated in the cash flow presentation.
Option 1: in the investing activities section. This is incorrect because investing activities typically include cash transactions related to the acquisition or......Login to view full explanationLog in for full answers
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