On a Statement of Cash Flows Prepared Using the Indirect

question 128

Multiple Choice

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

• A)added to net income to determine net cash provided by operating activities.
• B)deducted from net income to determine net cash provided by operating activities.
• C)shown as a cash inflow in the investing activities section.
• D)shown as a cash inflow in the financing activities section.

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