Question: 4. Using the indirect method to prepare the operating section of the Statement of Cash Flows, an increase in Accounts Receivable would be a(n) ____________

4. Using the indirect method to prepare the operating section of the Statement of Cash Flows, an increase in Accounts Receivable would be a(n) ____________ to net income.

a. Increase

b. Decrease

5. Salaries Payable is a

a. Current asset

b. Current liability

6. Using the indirect method to prepare the operating section of the Statement of Cash Flows, an increase in Accounts Payable would be a(n) ____________ to net income.

a. Increase

b. Decrease

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