Question: Walker Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: How will
Walker Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: How will the change in Accounts Receivable be shown on the statement of cash flows? negative cash flow under the operating activities section positive cash flow under the financing activities section positive cash flow under the operating activities section negative cash flow under the investing activities section Rodriguez Tint Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company induces the following: Current assets other than cash, decreased by $5,000 Current liabilities increased by $2,000 How much is the net cash provided by operating activities? $10,000 $(300) $7,300 $4,700 On a direct method statement of cash flows, cash received from selling merchandise would be considered a cash inflow from operating activities cash outflow from financing activities cash outflow for financing activities cash inflow from investing activities
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