Answered: Which of the following would trigger a…

Which of the following would trigger a subtraction in the indirect operating section? A. decrease in accounts receivable B. gain on sale of investments C. depreciation expense

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 11MC: Which of the following would trigger a subtraction in the indirect operating section? A. gain on...

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Question

Which of the following would trigger a subtraction in the indirect operating section?

A. decrease in accounts receivable

B. gain on sale of investments

C. depreciation expense

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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