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Pachacha [2.7K]
1 year ago
10

If a company is using the indirect method to prepare the statement of cash flows, a decrease in the inventory account should be

reported as:
Business
1 answer:
zubka84 [21]1 year ago
3 0

If a company is using the indirect method to prepare the statement of cash flows, a decrease in the inventory account should be reported as a decrease in cash flows from operating activities.

<h3>An indirect method to prepare the statement of cash flows</h3>
  • The statement of cash flows is prepared indirectly by adjusting net income for changes in balance sheet accounts in order to determine the amount of cash generated by operational activities.
  • One of the parts of a firm's set of financial statements, the statement of cash flows, is used to show where a company gets its money from and what it does with it.
  • It provides details on the cash generated by operations and the impact of various balance sheet modifications on a company's cash position.
  • The indirect mode of presenting is particularly common since the data needed for it can be gathered rather quickly from the accounts that a company typically has in its chart of accounts.

To learn more about the indirect method to prepare the statement of cash flows refer to:

brainly.com/question/17537007

#SPJ4

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2 years ago
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"Moccasin Company manufactures cotton shirts. 12,000 shirts are produced during the first week of July. The unit quantity standa
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<em>The answer is 72,000 Meters.</em>

Explanation:

From the question given, let us recall:

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The next step is to determine  the quantity of cloth that should be used for the actual output of 12,000 shirts.

Quantity of cloth that should be used

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3 years ago
Broker rob believes he is being approached by a fair housing tester. what should rob do?
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Rob will treat them all equally and will not contravene any fair housing laws. Direct the party to the best-fitting neighborhood for him or her.

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4 0
1 year ago
A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required marg
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It will increase by 50%

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Find attached below table of solution

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