All of the Following Would Be Done When Calculating the Change

question 28

Multiple Choice

All of the following would be done when calculating the change in cash from operating activities under the indirect method except

• A)deduct the purchase of equipment.
• B)add an increase in accrued interest payable.
• C)add a decrease in merchandise inventory.
• D)deduct a decrease in accounts payable.

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Definitions:

Formal Statement

A structured, written document that presents financial or other significant data in a systematic format.