Indicate whether each of the following transactions would be added to (1) or subtracted from (2) profit

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Indicate whether each of the following transactions would be added to (1) or subtracted from (2) profit in determining the cash provided (used) by operating activities using the indirect method: (a) Depreciation expense

(b) Decrease in accounts receivable

(d) Decrease in accounts payable

(e) Increase in income tax payable

(f) Loss on sale of equipment

(g) Impairment loss for goodwill

(h) Decrease in prepaid insurance

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Principles Of Financial Accounting

ISBN: 9781118757147

1st Canadian Edition

Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow

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Question Posted: Apr 11, 2018 06:29 AM

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Indicate whether each of the following transactions would be added to (1) or subtracted from (2) profit

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Principles Of Financial Accounting

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