In the indirect method, why are increases in current assets subtracted from net income to calculate the

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In the indirect method, why are increases in current assets subtracted from net income to calculate the cash flow provided by operating activities?

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Managerial Accounting

ISBN: 9781119577669

4th Edition

Authors: Charles E. Davis, Elizabeth Davis

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Question Posted: May 05, 2021 06:14 AM

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In the indirect method, why are increases in current assets subtracted from net income to calculate the

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Increases in current assets come at the expense of cash For example when accounts r...View the full answer

Managerial Accounting

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