An increase in accounts receivable is reflected on a Statement of Cash Flows prepared on an...
An increase in accounts receivable is reflected on a Statement of Cash Flows prepared on an indirect basis as __________ of cash in the __________ activities section.
a source; operating
a use; operating
a use; financing
a source; financing
Homework Answers
Change in account receivable is ordinary course of business transaction so change in account receivable includes under operating activities of statement of cash flow and when account receivable increase it should be deducted and when account receivable decrease it should be added
So An increase in accounts receivable is reflected on a Statement of Cash Flows prepared on an indirect basis as USE of cash in the OPERATING activities section.
So answer is b) a use; operating
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An increase in accounts receivable is reflected on a Statement
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