Multiple Choice
What is the net adjustment to net income with respect to the determination of cash flows from operating activities when inventory increases $100,000 and accounts payable increases $20,000?
A) An increase of $120,000.
B) A decrease of $120,000.
C) An increase of $80,000.
D) A decrease of $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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