Indicate whether each of the following would be added to or deducted from net income in determining

Question:

Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method:
(a) Decrease in
(b) Increase in notes payable due in 90 days to vendors’
(c) Decrease in salaries payable
(d) Decrease in prepaid expenses
(e) Gain on retirement of long-term debt
(f) Decrease in accounts payable
(g) Increase in notes receivable due in 90 days from customers
(h) Depreciation of fixed assets
(i) Increase in merchandise inventory
(j) Amortization of patent
(k) Loss on disposal of fixed assets

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...