An increase in the Inventory account from $10,000 at the beginning of the year to...
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Accounting
An increase in the Inventory account from $10,000 at the beginning of the year to $15,000 at the end of the year would be shown on the statement of cash flows prepared under the indirect method as:
Multiple Choice
a deduction from net income of $5,000 in order to arrive at net cash provided by operating activities.
an addition to net income of $5,000 in order to arrive at net cash provided by operating activities.
an addition to net income of $15,000 in order to arrive at net cash provided by operating activities.
a deduction from net income of $10,000 in order to arrive at net cash provided by operating activities.
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