Question: Using the Indirect Method, would your ADD (A) or Deduct (D) the following from Net Income: (1) Depreciation of fixed assets (2) Increase in accounts

Using the Indirect Method, would your ADD (A) or Deduct (D) the following from Net Income: (1) Depreciation of fixed assets (2) Increase in accounts receivable (3) Amortization of Patents (4) Decrease in Rent Payable (5) Loss on Sale of Investments (6) Decrease in prepaid advertising (7) Amortization of premium on bonds payable (8) Decrease in notes receivable due in 45 days (9) Decrease in merchandise inventory (10) Increase in dividends payable (11) Gain on retirement of bonds payable (12) Increase in accounts payable

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