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When preparing the operating section of the statement of cash flows using the direct method, which of the following statements is true? a. A decrease
When preparing the operating section of the statement of cash flows using the direct method, which of the following statements is true?
a. A decrease in accounts payable is subtracted from expenses.
b. An increase in accounts receivable is subtracted from sales.
c. Depreciation expense is added to cash flows.
d. Gains on sales of long-term assets are subtracted from cash flows.
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