All increases in other current assets decreases cash in the statement of cash flows.

Name: All increases in other current assets decreases cash in the statement of cash flows.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Increases in other current assets mean that more cash was used to purchase or acquire those assets, therefore decreasing the amount of cash available. Conversely, decreases in other current assets would increase cash in the statement of cash flows.

All Increases in Other Current Assets Decreases Cash in the Statement