If the Accounts Receivable balance is $10 million less than the balance at the beginning of the year, then on the statement of c

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If the Accounts Receivable balance is $10 million less than the balance at the beginning of the year, then on the statement of c

ash flows (indirect method) $10 million should be ______. Multiple choice question. subtracted from investing activities added to investing activities added to net income subtracted from net income

Business

1 answer:

alexgriva [62] · Answer 1 · 2023-11-01T20:25:51+03:00

$10 million should be added to net income.

<h3><u>What is Accounting?</u></h3>

Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting.
They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting.
Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.
Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

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