In arriving at cash from operating activities,adding a decrease in Supplies to net income eliminates the effect of recording adjusts net income for transactions that:
A) increased net income, but has not been paid in cash this period.
B) decreased net income, but has not been paid in cash this period.
C) decreased net income and decreased cash.
D) flow this period increased net income and increased cash flow this period.

Question

Quizplus · Accepted Answer

The Answer of In arriving at cash from operating activities,adding a decrease in Supplies to net income eliminates the effect of recording adjusts net income for transactions that:
A) increased net income, but has not been paid in cash this period.
B) decreased net income, but has not been paid in cash this period.
C) decreased net income and decreased cash.
D) flow this period increased net income and increased cash flow this period.

In Arriving at Cash from Operating Activities,adding a Decrease in Supplies