The Comparative Balance Sheets of Friends,Inc

question 161

Multiple Choice

The comparative balance sheets of Friends,Inc.show a net increase in accounts receivable of $650 and a net decrease in inventory of $500.To determine net cash flow from operating activities under the indirect method,net income should be:

• A)Reduced by $650.
• B)Increased by $650.
• C)Reduced by $150.
• D)Increased by $150.

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