Impact of Transactions Involving Receivables on Statement of Cash Flows From the following list, identify whether the

Question:

Impact of Transactions Involving Receivables on Statement of Cash Flows From the following list, identify whether the change in the account balance during the year would be added to or deducted from net income when the indirect method is used to determine cash flows from operating activities:
Increase in
Decrease in
Increase in notes receivable
Decrease in notes receivable

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...