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Last year, a company had an accounts payable balance of $17,000. This year, the company's accounts payable dropped to $13,000. If the firm is using
Last year, a company had an accounts payable balance of $17,000. This year, the company's accounts payable dropped to $13,000. If the firm is using the indirect method to calculate its net cash flow from operating activities, it should record the effect of this change by ________ its net income amount.
Select answer from the options below
subtracting $4,000 from
adding $4,000 to
subtracting $13,000 from
adding $13,000 to
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