What is the impact on the cash flow statement from a decrease in accounts receivable, assuming the
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Question:
What is the impact on the cash flow statement from a decrease in accounts receivable, assuming the indirect method is used?
options:
A decrease in the cash flow from operating activities | |
An increase in the cash flow from operating activities | |
An increase in the cash flow from financing activities | |
None. A decrease in accounts receivable has an impact only if the direct method is used |
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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