The Comparative Balance Sheets of Greenvale Games,Inc

question 117

Multiple Choice

The comparative balance sheets of Greenvale Games,Inc.show a net decrease in unexpired insurance of $400 and a net decrease in interest payable of $250.In order to reconcile net income with net cash flow from operating activities,net income should be:

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