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Under the indirect method of preparing the statement of cash flows, an increase in accounts receivable is: deducted from net sales

Accounting

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Under the indirect method of preparing the statement of cash flows, an increase in accounts receivable is:

1. deducted from net sales.
2. added to net sales.
3. added to net income.
4. deducted from net income.

Option 1

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Under the indirect method of preparing the statement of cash flows, an increase in accounts receivable is: deducted from net sales

Accounting

Option 1

Low Cost Option

Download this past answer in few clicks

2.87 USD

PURCHASE SOLUTION

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

View Answer

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