Final Examination - Spring 2022 Question 42 of 43 < > View Policies -/5 E Current Attempt in Progress Assume the indirect method is used to compute cash flows from operations. For each item listed below, indicate the effect on net income in arriving at cash flows from operations by selecting one of the following codes. Cash Flows From Operating Activities Codes Add to Net Income Add Deduct from Net Income Deduct Code 1. Increase in accounts receivable 2. Increase in inventory 3. Decrease in prepaid expenses 4. Decrease in accounts payable 5. Increase in accrued liabilities 6. Increase in income taxes payable 10. Amortization expense Save for Later Attempts: 0 of 1 used Submit Answer 58:20