Question: Shell, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Shell, Inc.

Shell, Inc. uses the indirect method to prepare the statement of

Shell, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Shell, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase/(Decrease) $17,000 (23,000) 57,000 $51,000 2018 2017 Cash $42,000 32,000 180,000 $254,000 $25,000 55,000 123.000 $203,000 Accounts Receivable Merchandise Inventory Total Assets The change in Accounts Receivable is shown as a negative cash flow in the adjustments to net income True False

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