A firm has inventories of $2 million for the previous year and$1.5 million for the current year. What impact does this have onnet cash provided by operations? (Increase of $500,000)

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
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A firm has inventories of $2 million for the previous year and
$1.5 million for the current year. What impact does this have on
net cash provided by operations? (Increase of $500,000)

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