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cng cng
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9 months ago

Excerpts from Neuwirth Corporation's comparative balance sheet appear below:

Ending BalanceBeginning Balance
Cash and cash equivalents$ 53,000$ 43,000
Accounts receivable$ 40,000$ 44,000
Inventory$ 81,000$ 84,000

Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method?




▸ The change in Accounts Receivable is added to net income; The change in Inventory is added to net income

▸ The change in Accounts Receivable is subtracted from net income; The change in Inventory is subtracted from net income

▸ The change in Accounts Receivable is added to net income; The change in Inventory is subtracted from net income

▸ The change in Accounts Receivable is subtracted from net income; The change in Inventory is added to net income
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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mamaputmamaput
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9 months ago
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cng Author
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9 months ago
This helped my grade so much Perfect
gefa
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Smart ... Thanks!
mambah4
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2 hours ago
Thanks
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