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Wellesley,Inc.uses the indirect method to prepare the statement of cash flows.Refer to the following section of the comparative balance sheet:
The change in Merchandise Inventory is shown as a negative cash flow in the adjustments to net income.
Age
The duration for which an individual or item has existed or been alive.
Laughter
A bodily reaction, often spontaneous, consisting of rhythmical, often audible contractions of the diaphragm and other parts of the respiratory system.
Sadness
A natural emotional response to experiences of loss, disappointment, or other upsetting circumstances.
Fear
An emotional response to perceived threats or danger, triggering physiological changes geared towards avoidance or defense.
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