The comparative balance sheets of Farmore Corp.for 2014 and 2013 indicate that short-term trade notes receivable increased from $5,000 in 2013 to $75,000 in 2014.How will this change be reported on Farmore's statement of cash flows (Farmore uses the indirect method) ?
A) It will be included in the amount of cash and cash equivalents at the end of 2014.
B) It will be reported as a deduction from net income in the operating activities section.
C) It will be reported as a cash outflow in the investing activities section.
D) It will be added to net income in the operating activities section.
Correct Answer:
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