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Entity L reported net income of $25,000 for the current year and uses the indirect method to report operating activities cash flow. The Supplies account
Entity L reported net income of $25,000 for the current year and uses the indirect method to report operating activities cash flow. The Supplies account decreased by $15,000 during the year. Choose the appropriate category on the statement of cash flows to report the decrease in Supplies.
Cash Flows From Operating ActivitiesDeduct from Net Income | ||
Cash Flows From Financing Activities | ||
Cash Flows From Investing Activities | ||
Non-cash | ||
Cash Flows From Operating ActivitiesAdd to Net Income |
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