Under the indirect method of preparing the statement of cash flows, how is an increase in accounts receivable handled?
A. it is added to net sales.
B. It is deducted from net sales.
C. It is added to net income.
D. It is deducted from net income.
Ans: D. It is deducted from net income.
Business
You might also like to view...
Duplication of efforts may arise if communication fails between projects is a disadvantage of the matrix structure
Indicate whether the statement is true or false
Business
________ may be considered the "dark side" of organizational power
A) Position power B) Employee empowerment C) Corporate centrality D) Organizational politics
Business