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with its statement of cash flows on both the direct and Enterprises (WME) prepares a reconciliation schedule that compares its income statement ndirect method bases.

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with its statement of cash flows on both the direct and Enterprises (WME) prepares a reconciliation schedule that compares its income statement ndirect method bases. in its 2018 income statement, WME reported $695,000 for service revenue from membership fees. WME received $681,000 cash in advance from members during 2018. In ts reconciliation schedule, WME should Multiple Choice Show a $14,000 positive adjustment to net income under the indrect method for the increase in deferred revenue Show a $14,000 negetive adjustment to net income under the indirect method for the decresse in deferred revenue Show a $14,000 negative odustment to net income under the indirect method for the incresse in defered revenue $14,000 positive adjustment to net income under the indirect method for the decresse in deferred revenue Show

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