For Each of the Following Items, Indicate by Using the Appropriate

question 3

Multiple Choice

For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows, using the indirect method.
-Increase in merchandise inventory during a period.

• A)Added to net income
• B)Deducted from net income
• C)Cash outflow--investing activity
• D)Cash inflow--investing activity
• E)Cash outflow--financing activity
• F)Cash inflow--financing activity
• G)significant noncash investing and financing activity

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Definitions:

Storage Classes

Specifications in programming languages like C and C++ that determine the lifetime, visibility, and memory location of variables.

Auto

A keyword in the C and C++ programming languages that was originally used to declare automatic variables, now repurposed in C++11 to infer the type of the variable from its initializer.

Register

A small, fast storage location within a computer's CPU where specific types of instructions are stored and processed.

Storage Classes

Specifies the visibility and lifetime of variables and/or functions within a C or C++ program.