16) Which would be subtracted from net income in the operating section of an indirect cash flow statement? A) An increase in sales tax payable C) A decrease in Notes Payable B) An increase in inventory D) A decrease in prepaid expenses 17) when preparing the Statement of Cash Flows by the indirect method, if current liabilities increase, the difference is A) added to investing activities. C) deducted from investing activities. B) deducted from net income. D) added to net income. 18) Enterprise Industries' Accounts Receivable decreased by $30,000 and its Accounts Payable decreased by $16,000. What is the net effect on cash from operations under the indirect method? A) +$14,000 B) -$46,000 C) -$14,000 D) +$46,000 19) Sterling Sails reported net income of $35,000; depreciation expenses of $20,000; an increase in Accounts Payable of $2,000; and an increase in current notes receivable of $3,000. Net Cash Flows from operating activities under the indirect method is: A) $54,000. B) $55,000. C) $50,000. D) $56,000