Question: 7. Using the indirect method to prepare the operating section of the Statement of Cash Flows, a decrease in Accounts Payable would be a(n) ____________

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

a. Increase

b. Decrease

8. Using the indirect method to prepare the operating section of the Statement of Cash Flows, depreciation expense would be a(n) ____________ to net income.

a. Increase

b. Decrease

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