Question: A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as: Multiple Choice An increase

A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as:

Multiple Choice

An increase in cash flows from operating activities

An increase in cash flows from investing activities

A decrease in cash flows from operating activities

A decrease in cash flows from investing activities

An increase in cash flows from financing activities

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!