[单选题]
An extract from a statement of cash flows prepared by a trainee accountantis shown below:USDmProfit before taxation28Adjustments for:Depreciation(9)Operating profit before working capital changes––19Decrease in inventories3Increase in receivables(4)Increase in payables(8)Cash generated from operations––10––––Which of the following criticisms of this extract are correct?(1) Depreciation charges should have been added, not deducted(2) Decrease in inventories should have been deducted, not added(3) Increase in receivables should have been added, not deducted(4) Increase in payables should have been added, not deducted
A .1 and 3 only
B .1 and 4 only
C .2 and 3 only
D .2 and 4 only
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