Multiple Choice
Rick Corporation's Accounts Receivable decreased by $25,000 during the year.What is the adjustment to the cash flow statement when it is prepared by the indirect method?
A) Subtract the decrease from the net income in operating activities.
B) Add the decrease to the net income in operating activities.
C) Add the decrease in the investing activities section.
D) Subtract the decrease in the financing activities.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Using the indirect method for cash flows,depreciation
Q68: The Accounts Payable balance has decreased during
Q73: Depreciation is shown only when using the
Q76: Loaning cash to borrowers would result in:<br>A)an
Q79: Of the following,which has a positive effect
Q80: The following information is given for
Q82: Which of the following is not a
Q83: Collins Corporation reported net income of $35,000;
Q106: Transactions involving the purchase and sale of
Q118: The cash flows from operating activities are