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How will the information affect the cash flow statement

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Problem 1: Excel Tractors Inc.'s opening inventory was $50,000 and the inventory at the end of the year was $65,000. How will this information affect the cash flow statement (indirect method)?

A. difference of $15,000 will be deducted from net income
B. difference of $15,000 will be added to net income
C. opening inventory of $50,000 will be added to net income
D. closing inventory of $65,000 will be deducted from net income
E. closing inventory of $65,000 will be added to net income

Reference no: EM132812765

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