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Which of the following statements is correct with respect to the determination of cash flows from operating activities? A. A decrease in prepayments is subtracted
Which of the following statements is correct with respect to the determination of cash flows from operating activities?
- A. A decrease in prepayments is subtracted from net income.
- B. An increase in accounts payable is subtracted from net income.
- C. A gain on early retirement of a zero coupon bond is subtracted from net income.
- D. A decrease in accounts payable is added to net income.
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