preparing an indirect method statement of cash flows, anincrease in ending inventory over beginning inventory will result inan adjustment to reported net earnings becauseO a.cash was increased while cost of goods sold was decreaseO b. cost of goods sold on an accrual basis is lower than on acash basis.O c. inventory purchased during the period was less thaninventory sold resulting in a net cash increase.d.O d. acquisition of inventory is an investment activity.

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Description: preparing an indirect method statement of cash flows, anincrease in ending inventory over beginning inventory will result inan adjustment to reported net earnings becauseO a.cash was increased while cost of goods sold was decreaseO b. cost of goods

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Janng an indirect method statement of cash flows, an increase in ending inventory over beginning inventory will result an adjustment to reported net earnings because O a. cash was increased while cost of goods sold was decreas O b. cost of goods sold on an accrual basis is lower than on a cash basis. O c. inventory purchased during the period was less than inventory sold resulting in a net cash increase. O d. acquisition of inventory is an investment activity.

Janng an indirect method statement of cash flows, an increase in ending inventory over beginning inventory will result an adjustment to reported net earnings because O a. cash was increased while cost of goods sold was decreas O b. cost of goods sold on an accrual basis is lower than on a cash basis. O c. inventory purchased during the period was less than inventory sold resulting in a net cash increase. O d. acquisition of inventory is an investment activity.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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