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point(s) A company uses the indirect method to prepare the statement of cash flows. It presents the following data on its financial statements: Accounts receivable
point(s) 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 Salary expense *Relates solely to the acquisition of inventory End of this year $115,000 End of prior year $100,000 560,000 830,000 80,000 70,000 86,000 105,000 13,000 10,000 49,000 45,000 What will appear in the operating activities section related to accounts payable? A. The increase of $10,000 will be subtracted from net income. B. The increase of $10,000 will be added to net income. OC. The increase of $10,000 will be added to cost of goods sold. OD. The increase of $10,000 will be subtracted from cost of goods sold
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