If the balance of a current liability increases during the accounting period, then that amount will be
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If the balance of a current liability increases during the accounting period, then that amount will be added to the net income using the indirect method If the balance of a current liability increases during the accounting period, then that amount will be added to the net income using the indirect method.
If the balance of a current asset increases during the accounting period, then that amount will be subtracted from the net income using the indirect method.
c
If the balance of a current asset decreases during the accounting period, then that amount will be added to the net income using the indirect method.
d
If the balance of a current liability decreases during the accounting period, then that amount will be subtracted from the net income using the indirect method.Prepare the operating activities section of the statement of cash flows using the indirect method to calculate the net cash provided by operating activities.
A company has the following financial information: Inventory beginning balance of $ in FY and ending balance of $ in FY
What impact does this have on the statement of cash flows using the indirect method?
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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