Question: In a statement of cash flows (using indirect approach for operating activities) an increase in inventories should be presented as a(n) a. Outflow of cash.
In a statement of cash flows (using indirect approach for operating activities) an increase in inventories should be presented as a(n)
a. Outflow of cash.
b. Inflow and outflow of cash.
c. Addition to net income.
d. Deduction from net income.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
