Gerbera Inc. (GI) acquired Daisy Co. (DC) on 31 March 20X7, midway through the accounting year ended

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Gerbera Inc. (GI) acquired Daisy Co. (DC) on 31 March 20X7, midway through the accounting year ended 30 September. The consolidated statement of cash flows is prepared using the indirect method. GI's consolidated statement of financial position for the years ended 30 September 20X7 and 20X8 include: 30 September 20X8 30 September 20X7 $ $ Current assets Inventory 526,200 427,560 On 31 March 20X7, DC's inventory is $96,250. What is the cash flow adjustment to operating activities within the consolidated statement of cash flows to reflect the movement in inventories? Solution A.$2,390 increase. B.$2,390 decrease. C.$194,890 increase. D.$194,890 decrease

Posted Date: May 18, 2024 06:02 PM

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Gerbera Inc. (GI) acquired Daisy Co. (DC) on 31 March 20X7, midway through the accounting year ended

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