Explain why, under the indirect method, an increase in inventory is deducted from net income to arrive

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Explain why, under the indirect method, an increase in inventory is deducted from net income to arrive at net cash provided by operating activities.

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Managerial Accounting

ISBN: 978-0470578797

4th edition

Authors: James Jiambalvo

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Question Posted: Sep 23, 2013 07:32 AM

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Explain why, under the indirect method, an increase in inventory is deducted from net income to arrive

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The equation for determining cost of goods sold is Beginning invent...View the full answer

Managerial Accounting

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