1. The operating activities of the Statement of Cash Flows begins with

a. Change in Accounts Receivable

b. Net Income

c. Depreciation Expense

Loss on sale of investment

2. Accounts Receivable is

a. A current asset

b. A current liability

3. Using the indirect method to prepare the operating section of the Statement of Cash Flows, a decrease in Accounts Receivable would be a(n) ____________ to net income.

a. Increase

b. Decrease