Question: Identify whether the following would be added (+) or subtracted () from net income in determining net cash flows from operating activities using the indirect

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
5. Increase in Salaries Payable
6. Gain on Disposal of Property and Equipment
7. Increase in (net)
8. Loss on Disposal of Property and Equipment

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