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On January 1, 2019, the accounts receivable account had a $2,505 debit balance. At December 31, 2019, accounts receivable had grown to $3,120. A company

On January 1, 2019, the accounts receivable account had a $2,505 debit balance. At December 31, 2019, accounts receivable had grown to $3,120. A company using the indirect approach would

Select one:

a. add $615 to net income in the operating section

b. deduct $615 from net income in the operating section

c. add $2,505 to net income in the operating section

d. add $3,120 to net income in the operating section.

In using the indirect method, the operating section will show depreciation expense for the period as an amount that must be

Select one:

a. added to net income.

b. none of these answers are correct.

c. deducted from net income

d. ignored

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