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Trudeau Corporation determines operating cash flows by the indirect method. (Click the icon to view the income statement.) (Click the icon to view the balance
Trudeau Corporation determines operating cash flows by the indirect method. (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) How do accounts receivable affect Trudeau's cash flows from operating activities for 2017? O A. Decrease in cash provided by operating activities O B. They don't because accounts receivable result from investing activities O C. Decrease in cash used by investing activities D. Increase in cash provided by operating activities Income statement Balance sheet Trudeau Corporation Income Statement for Year Ended December 31, 2017 Trudeau Corporation Comparative Balance Sheet as at December 31, 2017 and 2016 Sales revenue.. Gain on sale of equipment Cost of goods sold 180,000 8,000 110,000 6,000 25,000 Liabilities and $ 188,000 Assets 2017 2016 Shareholders' Equity 2017 2016 Cash Accounts receivable Inventory Plant and equipment, net. 6,000 S 7,000 3,000 10,000 70,000 S 114,000 $ 90,000 S 4,000 S 1,000 Accounts payable 7,000 11,000 Accrued liabilities 10,000 93,000 69,000 7,000 20,000 81,000 Other operating expenses 141,000 9,000 Common shares $47,000 Retained earnings S 114,000 S 90,000 Print Done Print Done
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