The following items were reported on the balance sheets and income statement for Collin Inc.: How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows using the indirect method?
A)As an addition to sales.
B)As a deduction from sales.
C)As an addition to net income.
D)As a deduction from net income.

Question

The following items were reported on the balance sheets and income statement for Collin Inc.:  How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows using the indirect method?
A)As an addition to sales. 
B)As a deduction from sales. 
C)As an addition to net income. 
D)As a deduction from net income.

Quizplus · Accepted Answer

The Answer of The following items were reported on the balance sheets and income statement for Collin Inc.:  How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows using the indirect method?
A)As an addition to sales. 
B)As a deduction from sales. 
C)As an addition to net income. 
D)As a deduction from net income.

The Following Items Were Reported on the Balance Sheets and Income