Multiple Choice
The comparative balance sheets of Friends,Inc.show a net increase in accounts receivable of $650 and a net decrease in inventory of $500.To determine net cash flow from operating activities under the indirect method,net income should be:
A) Reduced by $650.
B) Increased by $650.
C) Reduced by $150.
D) Increased by $150.
Correct Answer:
Verified
Correct Answer:
Verified
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