A Week 5 - Learning Activity 1 X M Question 8 - Week 5 - Learnir X *Course Hero C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... DI J Finish update : Week 5 - Learning Activity 1 i Saved Help Save & Exit Submit Check my work 8 Required information CUITCHIL HIQUIIILIES AUU LU TICL IIICOMIC UCUULL TI VIII IICU IIICUTTIC Part 4 of 4 Accounts Payable Jan. 1, Beginning Bal. 40,000 Cash payments = 319, ses 314,000 D 1, Ending Bal. 35,000 Cash flows from operating activities Net income....... $ 38,000 Adjustments to reconcile net income to net cash provided by operating activities Increase in accounts receivable .......... (20,000) Increase in merchandise inventory ........... (14,000) Increase in prepaid expenses .. (2,000) Decrease in accounts payable .......... (5,000) Knowledge Check 01 Under the indirect method of preparing the statement of cash flows, decreases in current liabilities should be: O Deducted from net income O Added to net income Neither added to or deducted from net income Mc Graw of 19 Next > Hill