In a Statement of Cash Flows Prepared by the Indirect

question 37

Multiple Choice

In a statement of cash flows prepared by the indirect method, an increase in accounts receivable should be

• A)deducted from net income in the operating activities section
• B)added to net income in the operating activities section
• C)reported as an inflow in the investing activities section
• D)reported as an inflow in the financing activities section

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Definitions:

Communication Skills

The ability to convey or share information, ideas, and feelings effectively through verbal, non-verbal, written, and digital mediums.

Written Intervention Contracts

Formal agreements between service providers and clients outlining the goals, processes, and expectations of an intervention.

Identifying Information

Data or details that can be used to recognize or distinguish an individual, such as name, age, or Social Security Number.

Specified Objectives

Clearly defined goals or targets that are intended to be achieved within a specific timeframe.