Brandon, Inc. had a $1,000 decrease in accounts receivable during the year. Which of the following...

  

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Brandon, Inc. had a $1,000 decrease in accounts receivable during the year. Which of the following would appear on the statement of cash flows prepared using the indirect method? Do not include the $1,000 in the statement of cash flows, but show it in an accompanying schedule of non-cash transactions Add $1,000 to net income in order to arrive at net cash provided by operating activities Deduct $1,000 from net income in order to arrive at net cash provided by operating activities Deduct $1,000 to arrive at net cash flows from investing activities Brandon, Inc. had a $1,000 decrease in accounts receivable during the year. Which of the following would appear on the statement of cash flows prepared using the indirect method? Do not include the $1,000 in the statement of cash flows, but show it in an accompanying schedule of non-cash transactions Add $1,000 to net income in order to arrive at net cash provided by operating activities Deduct $1,000 from net income in order to arrive at net cash provided by operating activities Deduct $1,000 to arrive at net cash flows from investing activities

Answer rating: 100% (QA)

While calculating cash flows from operating activities under indirect m... View the full answer