Question

Identify whether the following would be added (+) or subtracted (–) from net income in determining net cash flows from operating activities using the indirect method.
1. Increase in Merchandise Inventory
2. Depreciation Expense
3. Decrease in Prepaid Insurance
4. Decrease in Accounts Payable
5. Increase in Salaries Payable
6. Gain on Disposal of Property and Equipment
7. Increase in Accounts Receivable (net)
8. Loss on Disposal of Property and Equipment



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  • CreatedOctober 21, 2014
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