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23. When preparing a statement of cash flows on the indirect method, each of the following should be classified as an operating activity cash flow
23. When preparing a statement of cash flows on the indirect method, each of the following should be classified as an operating activity cash flow except:
A. An increase in accounts receivable.
B. A decrease in accounts payable.
C. A gain from disposal of a long-term asset
D. An increase in prepaid expenses.
E. A decrease in accrued expenses payable.
Thank you in advance!
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