Accountancy, asked by Anonymous, 5 months ago

What happens on the income statement if inventory goes up by $10?

Answers

Answered by AnmolJigarChawla

5

Explanation:

No changes to the Income Statement. On the Cash Flow Statement, Inventory is an asset so that decreases your Cash Flow from Operations - it goes down by $10, as does the Net Change in Cash at the bottom.

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