Question: Xavier Davis is preparing the statement of cash flows using the indirect method for the National Urban League. The beginning balance in pledges receivable

Xavier Davis is preparing the statement of cash flows using the indirect

Xavier Davis is preparing the statement of cash flows using the indirect method for the National Urban League. The beginning balance in pledges receivable is $20,000 and the ending balance is $12,000. Which of the following describes the way these amounts would be presented in the statement of cash flows? Increase in operating cash flows of $8,000 Increase in financing cash flows of $8,000 Increase in investing cash flows of $8,000 Decrease in operating cash flows of $8,000 Decrease in investing cash flows of $8,000 Decrease in financing cash flows for $8,000

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