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Rick Corporation’s Accounts Receivable decreased by $25,000 during the year. What is the adjustment to the cash flow statement when it’s prepared by the indirect method?

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asked Oct 19, 2018 42.5k views

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Rick Corporation’s Accounts Receivable decreased by $25,000 during the year. What is the adjustment to the cash flow statement when it’s prepared by the indirect method?

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NikRED asked

by NikRED

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The correct answer is "Add the decrease to the net income in operating activities."

Matt Hammond answered Oct 26, 2018

by Matt Hammond

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Rick Corporation’s Accounts Receivable decreased by $25,000 during the year. What is the adjustment to the cash flow statement when it’s prepared by the indirect method?

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