Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1) explain w hy are increases in accounts receivab

1) Explain w hy are increases in accounts receivable reported as an adjustment to net...

90.2K

Verified Solution

Question

Accounting

1) Explain w hy are increases in accounts receivable reported as an adjustment to net income in the operating activit ies section of a statement of cash flows? ( max 100 words)

2)Flynn Corporation started the year with $35,000 in accounts receivable and ended the year with $50,000 in the account. Describe how information regarding the companys accounts receivable sh ould be reflected on its statement of cash flows, assuming use of the indirect method.

( max 100 words)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

2 Mei next tests her robot s ability to launch tennis balls A ball s...

Finance
1.2K views

Info from question 8 with the answer at the end. Please use for question 9. 8. Walker...

Basic Math
1.2K views

A set of test scores is normally distributed with a mean of 100 and a...

Basic Math
1.2K views

The voltage across a capacitor with the value C 3 F is given by the...

Calculus
1.2K views

Consider the following function.f(x) =1/(x-5)Determine whether f(x) approaches ? or - as x approaches 5...

Calculus
1.2K views

ind all solutions to the differential equation xy y x y 0 x 0

Algebra
1.2K views

a Expand and simplify 1 3 b By writing 75 as 30 45 find the...

Accounting
1.2K views

Current Attempt in Progress Larkspur Enterprises has three notes payable outstandg on December...

Accounting
1.2K views

Magnum corporation issued 400,000 OMR 1 equity shares with a current market value of OMR...

Accounting
1.2K views

During its first year of operations, Walnut Company completed the following two transactions. The annual...

Accounting
1.2K views

In preparing the direct materials budget for Quan Company, management concludes that required purchases are...

Accounting
1.2K views

CUMULATIVE PROBLEM - Elton Systems (Perpetual) The first three segments of this comprehensive problem were...