Question: A company uses the indirect method to prepare the statement of cash flows. It presents the following data on its financial statements Accounts receivable Cost

A company uses the indirect method to prepare the statement of

A company uses the indirect method to prepare the statement of cash flows. It presents the following data on its financial statements Accounts receivable Cost of goods sold Sales revenue Accounts payable Inventory Salary payable End of prior year $97,000 End of this year $145,000 560,000 830,000 75,000 67,000 86,000 105.000 13,000 10,000 49,000 45,000 Salary expense "Relates solely to the acquisition of inventory What will appear in the operating activities section related to accounts receivable? A. The increase of $48,000 will be subtracted from net income. OB. The increase of $48,000 will be added to sales revenue. OC. The increase of $48,000 will be subtracted from sales revenue. OD. The increase of $48,000 will be added to net income

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