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Question 7 Any decrease in Liability should be ... None of the above. Added to Net Income Dedected from Net Income It depends on the

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Question 7 Any decrease in Liability should be ... None of the above. Added to Net Income Dedected from Net Income It depends on the circumstances Question 8 The net cash flows from operating activities for ABC Inc. is: $35,000 $70,000 $55,000 $40,000 Question 9 The increase in Accounts Receivable should be deducted from the net income. True False Question 10 A decrease in Accounts Payable should be added to the net income. True False

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