Question: Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following section of the comparative balance sheet: 2014
Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following section of the comparative balance sheet: 2014 2013 Increase/decrease Cash $ 33,000 $ 18,000 $15,000 Accounts receivable 22.000 35,000 (13,000) Inventory 170,000 115,000 55,000 Total assets $225,000 $168,000 $57,000 How will the change in Accounts receivable be shown on the statement of cash flows? Operating activities minus positive cash flow O Operating activities minus negative cash flow Financing activities minus positive cash flow O Investing activities minus negative cash flow
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