Question
An increase in inventory balance would be reported in a statement of cash flows using the indirect method as a: a) addition to net income
An increase in inventory balance would be reported in a statement of cash flows using the indirect method as a:
a) addition to net income in arriving at net cash flow from operating activities
b) deduction from net income in arriving at net cash flow from operating activities
c) cash outflow from investing activities
d) cash outflow from financing activities
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
