Question: 27. When preparing a statement of cash flows, a decrease in prepaid insurance during a period would require which of the following adjustments in determining

27. When preparing a statement of cash flows, a decrease in prepaid insurance during a period would require which of the following adjustments in determining cash flows from operating activities?

Indirect Method Direct Method

a. Increase Decrease

b. Decrease Increase

c. Increase Increase

d. Decrease Decrease

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