Ingles Corp., a private company reporting under ASPE, engaged in the following transactions.For each transaction, indicate where, if at all, it would be classified on the statement of cash flows.Assume the indirect method is used. Ingles Corp.experienced a decrease in accounts receivable:

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Quizplus · Accepted Answer

A decrease in accounts receivable represents a cash inflow from operating activities as it indicates that customers are paying their outstanding debts, which increases the company's cash balance.