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When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except: An
When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except:
An increase in accounts receivable. |
A decrease in accounts payable. |
Proceeds from the disposal of a long-term asset with no gain or loss. |
An increase in prepaid expenses. |
A decrease in accrued expenses payable. |
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