In the statement of cash flows, which event would cause net income to be increased?

a. A decrease in Inventory

b. An increase in Prepaid Insurance

c. A decrease in Accounts Payable

d. An increase in Accounts Receivable

Finished Goods Inventory appears on which of the following statements on the worksheet?

a. Statement of cost of goods manufactured and income statement

b. Statement of cost of goods manufactured and balance sheet

c. Income statement and balance sheet

d. Income statement and cost of goods sold statement