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Basic Financial Accounting Short Questions
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Question:
How will a decrease in inventory be reported in the Statement of Cash Flow? Select one alternative: A The amount will be added (i.e. a positive number) to the Investing section of the Statement of Cash Flow B The amount will be added (i.e. a positive number) to the Operating section of the Statement of Cash Flow C The amount will be deducted (i.e. a negative or bracket number) in the Investing section of the Statement of Cash Flow D The amount will be deducted (i.e. a negative or bracket number) in the Operating section of the Statement of Cash Flow
Author: Gonza RAnswer:
B The amount will be added (i.e. a positive number) to the Operating section of the Statement of Cash Flow
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