In its 2020 income statement, VZO reported $440,000 for the cost of goods sold. VZO paid inventory suppliers $380,000 in 2020, and its inventory balance decreased by $41,000 during the year. In its reconciliation schedule, VZO should show a $19,000

Question 9 options:

A) negative adjustment to net income under the indirect method for the increase in accounts payable.

B) positive adjustment to net income under the indirect method for the increase in accounts payable.

C) positive adjustment to net income under the indirect method for the decrease in accounts payable.

D) negative adjustment to net income under the indirect method for the decrease in accounts payable.