$1$

For a firm using the indirect method, which of the following statements does not correctly describe an adjustment to net income when determining cash flows from operating activities?

Multiple Choice

Amortization of bond discount will be added to net income.

A decrease in accrued interest payable will be deducted from net income.

Patent amortization expense will be deducted from net income.

An increase in wages payable will be added to net income