Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to the following
section of the comparative balance sheet:
Virginia Company
Comparative Balance Sheet
December 31, 2018 and 2017
2018 2017 Increase / (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 a deduction from investing cash flows
B) as an addition to operating cash flows
C) as an addition to Net Income
D) as a deduction from Net Income
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