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On a Statement of Cash Flows Prepared Using the Indirect

Question 133

Multiple Choice

On a statement of cash flows prepared using the indirect method, an increase in Accounts Payable during the period is:


A) deducted from net income to determine net cash provided by operating activities.
B) added to net income to determine net cash provided by financing activities.
C) added to net income to determine net cash provided by operating activities.
D) deducted from net income to determine net cash provided by financing activities.

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