Question: How will the following transaction be reflected on an indirect statement of cash flows? Transaction: The firm sold inventory that has a book value of

How will the following transaction be reflected on an indirect statement

How will the following transaction be reflected on an indirect statement of cash flows? Transaction: The firm sold inventory that has a book value of $1000 for an accounts receivable of $3500 that will be paid next year. $210o is subtracted from net income to get indirect cash flows from operations. $2500 is added to net income to get indirect cash flows from operations. $3500 is added to net income to get indirect cash flows from operations. $3500 is subtracted from net income to get indirect cash flows from operations

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