Wesley,Inc The Change in Merchandise Inventory Is Shown as a Negative

question 82

True/False

Wesley,Inc.uses the indirect method to prepare the statement of cash flows.Refer to the following section of the comparative balance sheet:
$\begin{array}{c} \text { Wesley, Inc. }\\ \text { Comparative Balance Sheet}\\ \text { December 31,2019 and 2018}\\\begin{array}{|l|r|r|r|}\hline&2018&2017&\text { Increase/(Decrease) }\\\hline \text { Cash } & \$ 42,000 & \$ 25,000 & \$ 17,000 \\\hline \text { Accounts Receivable } & 32,000 & 55,000 & (23,000) \\\hline \text { Merchandise Inventory } & \underline{180,000} & \underline{123,000} & 57,000 \\\hline \text { Total Assets } & \$ 254,000 & \$ 203,000 & \$ 51,000 \\\hline\end{array}\end{array}$
The change in Merchandise Inventory is shown as a negative cash flow in the adjustments to net income.

Differentiate between employees and contractors regarding legal status and protection under employment legislation.

Understand the steps and considerations in formulating a successful compensation strategy, including legal, financial, and strategic aspects.

Understand the legislative framework applicable to compensation in Canada.

Identify the different constraints on the labour market and their impact on compensation.