QuestionJune 5, 2025

On which of the three major financial statements would you find the increase in inventory? balance sheet statement of cash flows income statement

On which of the three major financial statements would you find the increase in inventory? balance sheet statement of cash flows income statement
On which of the three major financial statements would you find the increase in inventory?
balance sheet
statement of cash flows
income statement

Solution
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Answer

Balance Sheet Explanation 1. Identify the financial statement The increase in inventory is reflected on the **balance sheet** as it affects current assets.

Explanation

1. Identify the financial statement<br /> The increase in inventory is reflected on the **balance sheet** as it affects current assets.
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