When working on the aesthetics of a user interface, the developer must consider the ________ of whoever pays the development expenses

All changes in long-term liabilities are reflected in the financing activities category of the statement of cash flows

a. True b. False Indicate whether the statement is true or false

In a statement of cash flows (indirect method), depreciation is treated as an adjustment to reported net income because depreciation

a. is an inflow of cash to a reserve account for asset replacement. b. reduces the reported net income and involves an inflow of cash. c. reduces the reported net income but does not involve an outflow of cash. d. usually represents a significant portion of operating expenses.