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2. State if each of the following items would be represented as an ADDITION to net income or a SUBTRACTION from net income on
2. State if each of the following items would be represented as an ADDITION to net income or a SUBTRACTION from net income on the SCF-Operating Activities using the indirect method: (.5 each) a. Decrease in Prepaid Insurance: b. Increase in Interest Payable: c. Gain on sale of equipment: d. Depreciation:
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
