Question
Identify the working capital accounts related to (a) revenues
recognized and deferred, (b) cost of goods sold, (c) employee salary and wages, and (d)
income tax expense. For each account, indicate whether an increase in the working capital
asset or liability would be an addition or subtraction when reconciling from net income to
cash flows from operations.
recognized and deferred, (b) cost of goods sold, (c) employee salary and wages, and (d)
income tax expense. For each account, indicate whether an increase in the working capital
asset or liability would be an addition or subtraction when reconciling from net income to
cash flows from operations.