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NT company begins 2022 with $100 of inventory. The company purchases $130 of inventory and records cost of goods sold equal to $125. In cash
NT company begins 2022 with $100 of inventory. The company purchases $130 of inventory and records cost of goods sold equal to $125. In cash flow from operations section of the the companies statement of cash flows, what is the adjustment the company makes relating to the change in inventory. Use a positive number for increase in cash and a negative number for a decrease in cash
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
