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    Business
  3. Study Set
    Intermediate Accounting Study Set 7
  4. Exam
    Exam 6: Statements of Financial Position and Cash Flows and the Annual Report
  5. Question
    When Preparing the Operating Activities Section of the Statement of Cash
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When Preparing the Operating Activities Section of the Statement of Cash

Question 165

Question 165

True/False

When preparing the operating activities section of the statement of cash flows under the direct method, an increase in accounts receivable is subtracted from sales.

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