Matching
For each of the following operating activities, indicate whether it is a under the indirect method:
Premises:
increase in Accounts Receivable
increase in Prepaid Expense
increase in Inventory
increase in Accounts Payable
decrease in Supplies
increase in Accumulated Depreciation
Responses:
source of cash
a use of cash
neither
Correct Answer:
Premises:
Responses:
increase in Accounts Receivable
increase in Prepaid Expense
increase in Inventory
increase in Accounts Payable
decrease in Supplies
increase in Accumulated Depreciation
Premises:
increase in Accounts Receivable
increase in Prepaid Expense
increase in Inventory
increase in Accounts Payable
decrease in Supplies
increase in Accumulated Depreciation
Responses:
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