Problem

Refer to Best Buy’s statement of cash flows in Appendix A. (a) Which method is used to c...

Refer to Best Buy’s statement of cash flows in Appendix A. (a) Which method is used to compute its net cash provided by operating activities?

(b) While its balance sheet shows an increase in receivables from fiscal years 2006 to 2007, why is this increase in receivables subtracted when computing net cash provided by operating activities for the year ended March 3, 2007?

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