Using the Indirect Method, an Increase in Accounts Receivable Is

question 49

True/False

Using the indirect method, an increase in accounts receivable is subtracted from net income in calculating cash flows from operating activities.

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Definitions:

Bilateral

Involving two sides, or affecting both sides of the body.

Two Sides

Typically refers to situations, arguments, or objects that have or can be viewed from two distinct perspectives or aspects.

Primi-

A prefix in medical terms variously meaning first or early, often used in conjunction with conditions or statuses related to pregnancy.

Prefix

a syllable or word that is added to the beginning of another word to alter its meaning or create a new word.