Using the Indirect Method for Preparing the Statement of Cash

question 50

Multiple Choice

Using the indirect method for preparing the statement of cash flows,which of the following would not be included as an adjustment to net income?

• A)A decrease in Prepaid Insurance.
• B)An increase in Accounts Payable.
• C)An increase in Equipment.
• D)An increase in Accounts Receivable.
• E)None of the answer choices is correct.

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Definitions:

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