The following items were reported on the balance sheets and income statement for Collin Inc: Accounts Receivable, December 31, 2005 $ 85,000 Accounts Receivable, December 31, 2006 78,000 Sales, 2006 750,000 How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows using the indirect method?
A) as an addition to sales.
B) as a deduction from sales.
C) as an addition to net income.
D) as a deduction from net income.
C
Business
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