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Prepared under the indirect method as

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Question 1: An increase in accounts receivable of $1,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:

1) a deduction from net income of $1,000 in order to arrive at net cash provided by operating activities.

2) an addition of $1,000 under financing activities.

3) a deduction of $1,000 under financing activities.

4) an addition to net income of $1,000 in order to arrive at net cash provided by operating activities.

Reference no: EM132505432

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