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H3Ko H3Ko
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7 years ago
Valentine Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet:

   Valentine Corp.
   Comparative Balance Sheet
   December 31, 2017 and 2016
   2017   2016   Increase/(Decrease)
Cash   $45,000   $27,000   $18,000
Accounts Receivable   48,000   45,000   3,000
Merchandise Inventory   180,000   132,000   48,000
Total Assets   $273,000   $204,000   $69,000

How will the change in Merchandise Inventory be shown on the statement of cash flows?
A) addition to net income under the operating activities section
B) positive cash flow under the financing activities section
C) subtraction from net income under the operating activities section
D) negative cash flow under the investing activities section
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
3 years ago
Thank you
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#4
3 years ago
d
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