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The Comparative Balance Sheets of Greenvale Games,Inc

Question 117

Multiple Choice

The comparative balance sheets of Greenvale Games,Inc.show a net decrease in unexpired insurance of $400 and a net decrease in interest payable of $250.In order to reconcile net income with net cash flow from operating activities,net income should be:


A) Increased by $650.
B) Reduced by $650.
C) Increased by $150.
D) Reduced by $150.

Correct Answer:

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