Question: Using the Indirect Method, would your ADD (A) or Deduct (D) the following from Net Income: (1) Increase in vendor notes payable (2) Decrease in

Using the Indirect Method, would your ADD (A) or Deduct (D) the following from Net Income:

(1) Increase in vendor notes payable

(2) Decrease in Prepaid Rent (3) Decrease in interest payable (4) Increase in accounts receivable (5) Gain on Sale of Investments (6) Amortization of Franchise (7) Amortization of premium on bonds payable (8) Depreciation of a building

(9) Increase in accounts payable (10) Increase in operating expense payable (11) Increase in merchandise inventory (12) Loss on Bond Redemption

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