Q11-44. On an indirect method statement of cash flows, an increase in a prepaid insurance would be

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Q11-44. On an indirect method statement of cash flows, an increase in a prepaid insurance would be

a. added to increases in current assets.

c. added from net income.

b. included in payments to suppliers.

d. deducted to net income.

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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