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Given the items below, which of the following is an addition to net income to arrive at operating cash flows using the indirect method? I.

Given the items below, which of the following is an addition to net income to arrive at operating cash flows using the indirect method?

I. Loss on sale of assets II. Increase in Supplies III. Increase in Accounts Payable IV. Increase in Accounts Receivable

a. I. and III.

b. I. only.

c. III. and IV.

d. II. and III.

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