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1a. If a company had growing sales, which of the following would normally be expected on...

1a. If a company had growing sales, which of the following would normally be expected on the Statement of Cash Flows?

a. an increase in both accounts receivable and accounts payable

b. a decrease in both accounts receivable and accounts payable

c. a decrease in accounts receivable and an increase in accounts payable

d. an increase in accounts receivable and a decrease in accounts payable

1b. Which of the following would be added to net income when using the indirect approach to prepare the cash from operating activities of the Statement of Cash Flows?

a. increase in inventory

b. gain on sale of investments

c. decrease in wages payable

d. decrease in accounts receivable

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1 a. If a company had growing sales, which of the following would normally be expected on the Statement of Cash Flows?
a. an increase in both accounts receivable and accounts payable.
1 b. Which of the following would be added to net income when using the indirect approach to prepare the cash from operating activities of the Statement of Cash Flows?
d. decrease in accounts receivable
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