Question: A company uses the direct method to prepare the statement of cash flows. It presents the following amounts on its financial statements. Which of the
A company uses the direct method to prepare the statement of cash flows. It presents the following amounts on its financial statements. Which of the following is correct about the accounts receivable in the operating activities category in the statement of cash flows? A. The increase of exist75,000 ill be added to sales to determine cash received from customers. B. The increase of exist75,000 will be subtracted from sales to determine cash received from customers. C. The increase of exist75,000 will be subtracted from net income. D. The increase of exist75000 will be added to net income
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