Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. on january 1 year 2 colgate corporation decided to

On January 1 Year 2 Colgate Corporation decided to switch from the direct method to...

70.2K

Verified Solution

Question

Algebra

image

On January 1 Year 2 Colgate Corporation decided to switch from the direct method to the Indirect method of preparing the statement of cash flows Assuming a positive net Income figure but a decrease in the cash balance what can be said about the change in method of preparing the statement Multiple Choice The only difference will be in the cash flows from financing activities section The direct method will yield a larger amount for cash flows from operating activities There will be no difference in the totals on the statement of cash flows will old a larger amount for cash flows from operating activities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

MGM Co. has decided to sell a new line of golf clubs. The clubs will sell...

Physics
1.2K views

A nucleus with masa number 240 breaks into two fragmenta each of mass number 120...

Geometry
1.2K views

A When a new charter school opened in 1990 there were 960 students enrolled Write...

Basic Math
1.2K views

HI 32 11 7 12 HILI Domain Range y X

Accounting
1.2K views

Assume you are auditing a public company with sound IT controls over the occurrence of...

Accounting
1.2K views

Exercise 21.7(Static) Make or Buy Decision (LO21-1, LO21-2, LO21-3, LO21-4) Bacrometer,...

Accounting
1.2K views

1. Compare and contrast the advantages and disadvantages of issuing common stock versus issuing long-term...

Accounting
1.2K views

Hartz Corporation needs help in preparing their year-end financial statements. Their accountant made no journal...

Accounting
1.2K views

Lisa, a single taxpayer, owns 100% of Capsule Corporation, an S corporation. She has a...

Accounting
1.2K views

13 The following information is available for Jack's, Inc. for the current month. What...

Finance
1.2K views

QUESTION 1 A company purchased an asset for $3,900,000 that will be used in a...

Accounting
1.2K views

Using the information that follows, compute the yield for August and September. Round answers to...