Excel Tractors Inc. S opening inventory was $50,000 and the inventory at the end of the year was $65,000. How will this information affect the cash flow statement (indirect method)?
А. Difference of $15,000 will be deducted from net income
B. Difference of $15,000 will be added to net income
C. Opening inventory of
$50,000 will be added to net income
D. Closing inventory of $65,000 will be deducted from net income
E. Closing inventory of $65,000 will be added to net income
