Question: 1. If the indirect method is used to prepare a statement of cash flows, which of the following would be deducted from net income to

1. If the indirect method is used to prepare a statement of cash flows, which of the following would be deducted from net income to arrive at net cash flows from operating activities ?

Decrease in prepaid rent

Increase in accounts receivable

Increase in accounts payable

Increase in income taxes payable

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