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Which of the following is subtracted from net income as an adjustment under the Indirect method of preparing the statement of cash flows? Multiple Choice
Which of the following is subtracted from net income as an adjustment under the Indirect method of preparing the statement of cash flows? Multiple Choice Accounts receivable decrease. Salaries payable increase. Gain on the sale of land Inventory decrease In preparing a statement of cash flows under the Indirect method, a decrease in accounts receivable would be reported as an 6 Multiple Choice 13:40 Financing activity Addition to net income in the operating activities section, Investing activity Deduction from net income in the operating activities
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