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K uestio point(s) possible A company uses the indirect method to prepare the statement of cash flows. It presents the following data on its financial
K uestio point(s) possible A company uses the indirect method to prepare the statement of cash flows. It presents the following data on its financial statements: Accounts receivable Cost of goods sold Sales revenue Accounts payable* Inventory Salary payable End of this year $115,000 End of prior year $100,000 560,000 830,000 75,000 67,000 87,000 105,000 13,000 10,000 49,000 45,000 Salary expense *Relates solely to the acquisition of inventory What will annear in the onerating activities section related to inventory? A. The decrease of $18,000 will be subtracted from net income. B. The decrease of $18,000 will be added to cost of goods sold. C. The decrease of $18,000 will be subtracted from cost of goods sold. OD. The decrease of $18,000 will be added to net income. Submit
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