Brandon,Inc

question 126

Multiple Choice

Brandon,Inc.had a $1,000 decrease in accounts receivable during the year.Which of the following would appear on the statement of cash flows prepared using the indirect method?

• A)Add $1,000 to net income in order to arrive at net cash provided by operating activities
• B)Deduct $1,000 from net income in order to arrive at net cash provided by operating activities
• C)Deduct $1,000 to arrive at net cash flows from investing activities
• D)Do not include the $1,000 in the statement of cash flows,but show it in an accompanying schedule of non-cash transactions

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Definitions:

Sternal

Pertaining to the sternum or breastbone, a long flat bone located in the central part of the chest.

Intercostal Retractions

The inward movement of the spaces between the ribs during inhalation, indicating respiratory distress or difficulty breathing.

Horizontal Fissure

A separation or groove on the lung's surface that divides the upper lobe from the middle lobe on the right lung.

Lung Lobes

Divisions in the lungs, with three lobes in the right lung and two in the left, that facilitate respiratory functions.