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eivable nventory December 31, 2025 and 2024 2025 2024 $45,000 48,000 180,000 $273,000 $27,000 45,000 132,000 $204,000 Increase/(Decrease) $18,000 3,000 48,000 $69,000

eivable nventory December 31, 2025 and 2024 2025 2024 $45,000 48,000 180,000 $273,000 $27,000 45,000 132,000 $204,000 Increase/(Decrease) $18,000 3,000 48,000 $69,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Georgia Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Georgia Corp. Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Cash Accounts Receivable Merchandise Inventory Total Assets $45,000 48,000 180,000 $273,000 $27,000 45,000 132,000 $204,000 Increase/(Decrease) $18,000 3,000 48,000 $69,000 How will the change in Accounts Receivable be shown on the statement of cash flows? addition to net income under the operating activities section negative cash flow under the investing activities section positive cash flow under the financing activities section subtraction from net income under the operating activities section
Transcribed Image Text:Georgia Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Georgia Corp. Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Cash Accounts Receivable Merchandise Inventory Total Assets $45,000 48,000 180,000 $273,000 $27,000 45,000 132,000 $204,000 Increase/(Decrease) $18,000 3,000 48,000 $69,000 How will the change in Accounts Receivable be shown on the statement of cash flows? addition to net income under the operating activities section negative cash flow under the investing activities section positive cash flow under the financing activities section subtraction from net income under the operating activities section
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