Freemont Company's Accounts Receivable decreased by $4,000 and its Inventory decreased by $3,000 during the year. Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method? a. The change in Accounts Receivable is added to net income; the change in Inventory is added to net income. b. The change in Accounts Receivable is subtracted from net income; the change in Inventory is added to net income. c. The change in Accounts Receivable is added to net income; the change in Inventory is subtracted from net income. d. The change in Accounts Receivable is subtracted from net income; the change in Inventory is subtracted from net income.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Freemont Company's Accounts Receivable decreased by $4,000 and its Inventory decreased by $3,000 during the year. Which of the following is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Jeremy runs a SCUBA diving shop in Cozumel, Mexico. Jeremy has tailored his diving operation to serve serious divers preferring deeper diving profiles and longer dives. His marketing program is geared specifically to attract this type of diver.
Answers (1)
Because mrs. johnston trusts her employees, she treats them very kindly. her kindness leads them to work diligently on her behalf, which in turn increases her trust in them.
Answers (1)
A firm has sales of $10,000, EBIT of $3,000, depreciation of $400, and fixed assets increased by $2,000.
Answers (1)
The first year of operations for a company was Year 1. The net income for Year 1 was $20,900 and dividends of $12,450 were paid. In Year 2, the company reported net income of $34,900 and paid dividends of $5,450.
Answers (1)
Conner Enterprises issued $120,000 of 10%, 5-year bonds with interest payable semi annually. Determine the issue price of the bonds are priced to yield (a) 10%, (b) 8%, and (c) 12%. Use financial calculator or Excel to calculate answers.
Answers (1)
New Questions in Business
In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common stock have been authorized.
Answers (1)
This type of evidence can lead to the hasty generalization fallacy Personal Experience Intuition Analogy Research
Answers (1)
Interest rates generally reflect the potential elects of initation the level of risk in an investment the real value of the investment the amount of money invested
Answers (1)
What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.
Answers (2)
Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.
Answers (1)