Question: A company uses the indirect method to prepare the statement of cash flows. It presents the following amounts on its December 31, 2007 financial statements.

A company uses the indirect method to prepare the statement of cash flows. It presents the following amounts on its December 31, 2007 financial statements. Relates solely to the acquisition of inventory 9) Refer to Case 16.1. What will appear in the operating activities section related to accounts 9) receivable? A) The increase of $10,000 will be subtracted from sales revenue. B) The increase of $10,000 will be added to sales revenue. C) The increase of $10,000 will be subtracted from net income D) The increase of $10,000 will be added to net income

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