A Decrease in the Inventory Account During the Year Should

question 63

Multiple Choice

A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as:

• A)An increase in cash flows from operating activities
• B)An increase in cash flows from investing activities
• C)A decrease in cash flows from operating activities
• D)A decrease in cash flows from investing activities
• E)An increase in cash flows from financing activities

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Definitions:

Prevention Focus

An orientation to avoid doing harm thought to arise when we compare our actual self to our ought self.

Self-Concept

An individual's perception of themselves, including beliefs about one’s attributes, behaviors, and roles within the social world.

Collectivist Culture

A social pattern that stresses the importance of the group over individual achievement, emphasizing interdependence.

Personality Traits

Enduring characteristics or tendencies that influence an individual's behavior across situations.