Brief Exercise 12-4 Direct versus Indirect Method

L04 Brief Exercise 12-4 Direct versus Indirect Method 2-4. 12-5 For each of the Murrains items, indicate whether it would appear on a statement of cash flows prepared using the direct method (D) or the indirect method (I). 1. Net income2. Increase in accounts receivable3 Collections on accounts receivable 4. Payments on accounts payable 5. Decrease in accounts payable 6. Depreciation expense 7. Gain on early retirement of bonds 8. Cash sales