Question: When preparing the statement of cash flows using the indirect method, which statement is INCORRECT? A. Increases in current liabilities are added to net income.

When preparing the statement of cash flows using the indirect method,

When preparing the statement of cash flows using the indirect method, which statement is INCORRECT? A. Increases in current liabilities are added to net income. OB. Gains on the sale of long-term assets are subtracted from net income. OC. Depreciation expense is added to net income. OD. Losses on the sale of long-term assets are subtracted from net income

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