Question

Refer to Polaris’ statement of cash flows in Appendix A.
(a) Which method is used to compute its net cash provided by operating activities?
(b) Its balance sheet shows an increase in accounts (trade) receivables from 2010 to 2011; why is this increase in accounts (trade) receivables subtracted when computing net cash provided by operating activities for the year ended December 31, 2011?



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  • CreatedNovember 26, 2013
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