Question: Identify five items that are adjustments to convert net income to net cash provided by operating activities under the indirect method. Increase/decrease in accounts receivable.

Identify five items that are adjustments to convert net income to net cash provided by operating activities under the indirect method.

Increase/decrease in accounts receivable.
Increase/decrease in accounts payable.
Payment of cash dividends.
Purchase of equipment.
Depreciation expense.
Increase/decrease in inventory.
Gain or loss on disposal of a noncurrent asset.

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