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2) Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by
2) Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method:
| Indicate Added (A) or Deducted (D) from Net Income |
Increase in prepaid expenses
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Amortization of patents
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Increase in salaries payable
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Gain on sale of fixed assets
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Decrease in accounts receivables
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Increase in notes receivables due in 60 days
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Decrease in merchandise inventory
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Depreciation of fixed assets
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Decrease in accounts payable
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Increase in income taxes payable
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