In Preparing a Statement of Cash Flows Under the Indirect

question 80

Multiple Choice

In preparing a statement of cash flows under the indirect method,a decrease in accounts receivable would be reported or included as a(n) :

• A)Addition to net income in the operating activities section.
• B)Deduction from net income in the operating activities section.
• C)Financing activity.
• D)Investing activity.

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Definitions:

Biosphere

All Earth’s communities of living organisms and their physical environments.

Community

A group of interacting living organisms sharing a populated environment, often considered within ecological and social contexts.

Ecosystem

A dynamic complex of plant, animal, and microorganism communities and their non-living environment interacting as a functional unit.

Class

A taxonomic category made up of related orders.