Rick Corporation's Accounts Receivable Increased by $25,000 During the Year

question 31

Multiple Choice

Rick Corporation's Accounts Receivable increased by $25,000 during the year.What is the adjustment to the cash flow statement when it is prepared by the indirect method?

• A)Subtract the increase from the net income in operating activities section.
• B)Add the increase to the net income in operating activities section.
• C)Add the increase in the investing activities section.
• D)Subtract the increase in the financing activities section.

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Definitions:

Civilian Populations

Pertains to non-military members of a country or community.

Yalta Conference

A meeting in February 1945 between the leaders of the Allied powers (the United States, the United Kingdom, and the Soviet Union) during World War II to plan the final defeat and occupation of Nazi Germany.

Japanese Propaganda

Media materials produced by Japan during wartime, particularly World War II, aimed at influencing public opinion or morale, both domestically and abroad.

Racial Diversity

The inclusion and representation of individuals from a variety of racial and ethnic backgrounds within a community or organization.