Question: In indirect format, why is an increase in accounts receivable subtracted from net income in computing cash flow from operations?
Step by Step Solution
3.36 Rating (159 Votes )
There are 3 Steps involved in it
When the balance in accounts receivable increases during a fiscal period it mea... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
157-B-A-I-S (1243).docx
120 KBs Word File
