Indicate whether each of the following would be added to or deducted from net income in determining

Question:

Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method:
a. Increase in merchandise inventory
b. Increase in prepaid expenses
c. Depreciation of fixed assets
d. Gain on disposal of fixed assets
e. Amortization of patent
f. Increase in notes payable due in 120 days to vendors
g. Increase in Decrease in wages payable
i. Decrease in notes receivable due in 60 days from customers
j. Decrease in Loss on retirement of long-term debt
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...