Accrual of payroll expense is:
A. Reported as an operating activity in the statement of cash flows.
B. Reported as an investing activity in the statement of cash flows.
C. Reported as a financing activity in the statement of cash flows.
D. None of the above is correct.
Answer:D
Accrual of payroll expense is:
A. Reported as an operating activity in the statement of cash flows. B. Reported as an investing activity in the statement of cash flows. C. Reported as a financing activity in the statement of cash flows. D. None of the above is correct.