Multiple Choice
Wilson Co.uses the indirect method to determine its cash flow from operations.During the course of the year,Wilson's Accounts Receivable increased by $28,000 and its Accounts Payable decreased by $14,000.As a result of these two items,the net addition (or subtraction) to convert net income to cash flow from operations equals:
A) $14,000.
B) ($14,000) .
C) $42,000.
D) ($42,000) .
Correct Answer:

Verified
Correct Answer:
Verified
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