The following items were reported on the balance sheets and income statement for the Flying Mullet Company: How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows under 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 the Flying Mullet Company:  How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows under 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 the Flying Mullet Company:  How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows under 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