The Decrease in Accounts Receivable Over a Period Results in A(n)

question 161

Short Answer

The decrease in accounts receivable over a period results in a(n) _________________________ to net income reported in the operating activities section of the statement of cash flows using the indirect method.

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Definitions:

Cattle

Domesticated large mammals bred by humans for purposes like milk, meat, leather, and labor.

Wheat

A cereal grain considered a staple food across the globe, used to make products like bread, pasta, and other foods.

Opportunity Cost

The value of the best alternative that is not chosen, to illustrate the trade-offs associated with any decision.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits.