Question: On an indirect method statement of cash flows, an increase in prepaid insurance is a. Added to net income. b. Added to increases in current

On an indirect method statement of cash flows, an increase in prepaid insurance is

a. Added to net income.

b. Added to increases in current assets.

c. Deducted from net income.

d. Included in payments to suppliers.


Select the best choice from among the possible answers given.

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