Multiple Choice
If the indirect method is used, each of the following is a proper adjustment to net income to arrive at net cash flows from operating activities except
A) deducting a decrease in Prepaid Expenses.
B) adding an increase in Salaries Payable.
C) deducting an increase in Accounts Receivable.
D) adding a decrease in Inventory.
Correct Answer:
Verified
Correct Answer:
Verified
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