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(Appendix) When Preparing a Schedule for the Calculation of Cash

Question 3

Multiple Choice

(Appendix) When preparing a schedule for the calculation of cash generated from operating activities under the direct method, a decrease in Accounts Receivable is


A) added to net sales.
B) subtracted from net sales.
C) added to operating expenses.
D) subtracted from cost of goods sold.

Correct Answer:

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