A Decrease in Merchandise Inventory Is

question 118

Multiple Choice

A decrease in merchandise inventory is:

• A)a use of cash under operating activities.
• B)a source of cash under operating activities.
• C)not reported on the statement of cash flows.
• D)a source of cash under investing activities.

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Definitions:

Property Right

A legal right or interest in a property that allows the holder to use, modify, or transfer the property within the bounds of the law.

Federal Government

refers to the national government of a country, which is responsible for governing the country as a whole, as opposed to state, provincial, or local governments.

Clean Water Act

In environmental law, a federal statute that sets requirements for limiting the pollution of the nation’s water sources according to a schedule, based on the most effective technology currently available.

Pollutants

Substances that contaminate the environment, causing harm or discomfort to living organisms.