Which of the following statements best describes the statement of cash flows?
A) In the statement of cash flows, a DECREASE in accounts receivable is reported as a use of cash.
B) In the statement of cash flows, a DECREASE in accounts payable is reported as a use of cash.
C) In the statement of cash flows, depreciation charges are reported as a use of cash.
D) In the statement of cash flows, a DECREASE in inventories is reported as a use of cash.
Correct Answer:
Verified
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