The balance for unearned revenue at the end of 2018 was $44,000 and it was $32,000 at the end of 2017. When preparing a...
The balance for unearned revenue at the end of 2018 was $44,000 and it was $32,000 at the end of 2017.
When preparing a statement of cash flows using the indirect method what corresponding entry do you make?
Choose, one section, either addition or subtraction, and one dollar amount.
|
Financing Activities |
||
|
Investing Activities |
||
|
Operating Activities |
||
|
Add |
||
|
Subtract |
||
|
$12,000 |
||
|
$44,000 |
Homework Answers
Unearned revenue is a liability account, which increased by $12,000, also making the cash asset account increase.
The answer is Operating Activities Add $12,000
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