Fawn Corporation prepares its statement of cash flows using the indirect method. Which of the following would be added to net income in the operating activities section of the statement?
|
|
Increase in |
Increase in |
|
|
Merchandise |
Deferred |
|
|
Inventory |
Income Taxes |
|
A) |
Yes |
Yes |
|
B) |
Yes |
No |
|
C) |
No |
Yes |
|
D) |
No |
No |