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Which statement regarding the indirect method is false? Multiple Choice An increase in accounts payable is added to net income. An increase in merchandise inventory
Which statement regarding the indirect method is false?
Multiple Choice
An increase in accounts payable is added to net income.
An increase in merchandise inventory is subtracted from net income.
An increase in accounts receivable is added to net income.
Depreciation expense is added to net income.
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Advanced Management Accounting Pearson New International
Authors: Robert Steven Kaplan, Anthony A. Atkinson
3rd Edition
1292026596, 978-1292026596
