Inventory on January 1, 2020 was listed at $14,000 on the Balance Sheet. On the December 31,
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Question:
Inventory on January 1, 2020 was listed at $14,000 on the Balance Sheet. On the December 31, 2020 Balance Sheet, the Inventory balance was $10,000. How would this difference be shown in the Operating Activities section of the Statement of Cash Flows? A. This would not be shown on the Statement of Cash Flows. B. Decrease in Inventory $4,000 C. Increase in Inventory $4,000 D. Decrease in Inventory ($4,000)
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