Virginia Company uses the indirect method to prepare the statement or can tows. Refer to...
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Virginia Company uses the indirect method to prepare the statement or can tows. Refer to the following section of the comparative biance sheet Virginia Company Comparative Balance Sheet December 31, 2024 and 2023 Increase 2024 2023 (Decrease) Accounts Payable $4,000 $6,000 $(2.000) Accrued Liabilities 2,000 1,000 1,000 Long-term Notes Payable 84.000 90,000 (6.000) Total Liabilities $90,000 $97.000 $(7,000) How will the change in Accounts Payable be shown on the statement of cash flows? A. as an addition to Net Income in the operating activities section OB. as an addition to operating cash flows O c. as a deduction from investing cash flows OD. as a deduction from Net Income in the operating activities
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