Question
In preparing a statement of cash flows under the indirect method, a decrease in accounts receivable would be reported or included as a(n): and an
In preparing a statement of cash flows under the indirect method, a decrease in accounts receivable would be reported or included as a(n):
and an increase in accounts payable would be included in which?
a.Addition to net income in the operating activities section.
b.Deduction from net income in the operating activities section.
c.Financing activity.
d.Investing activity.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
