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Consider the following excerpt from the Statement of Cash Flows, then select the most correct answer: Cash Flows from Operations: NET CASH INFLOW/OUTFLOW) FROM
Consider the following excerpt from the Statement of Cash Flows, then select the most correct answer: Cash Flows from Operations: NET CASH INFLOW/OUTFLOW) FROM OPERATIONS Net Income Depreciation Loss on Sale of Chicago Facility Gain on Sale of Detroit Facility 12/31/2021 12/31/2020 $ 450,083 $ (44,598) 23.074 24.009 4.666 (9.644) Changes in Current Assets and Liabilities: Accounts Receivables 3,456 6.998 (9.993) 4,392 Accounts Payable (4.533) 15.689) Income Taxes Payable 5.322 5.312 The company increased its balance in Inventories on the Balance Sheet in 2020 The company increased its balance in Inventories on the Balance Sheet during 2021 O Cost of goods sold increased in 2021 O There was an cash inflow for the inventories account in 2021 472.085 $ (19.220)
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