Under the indirect method of preparing a statement of cash flows, what adjustment is made to net

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Under the indirect method of preparing a statement of cash flows, what adjustment is made to net income if accounts receivable increased from last year?


Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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