Given the Items Below,which of the Following Is a Subtraction

question 46

Multiple Choice

Given the items below,which of the following is a subtraction from net income to arrive at Operating Cash Flows using the indirect method?
I. Loss on sale of assets
II. Increase in Supplies
III. Increase in Accounts Payable
IV. Depreciation expense

• A)II.only.
• B)IV.only.
• C)I.and II.
• D)II.and III.

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