Question: Using the indirect method to prepare a statement of cash flows, which of the following is added to net income to calculate the net cash

Using the indirect method to prepare a statement of cash flows, which of the following is added to net income to calculate the net cash provided or used by operating activities?

Gain on the sale of a plant asset.

Increase in merchandise inventory.

Decrease in interest payable. I

ncrease in Income Taxes Payable.

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