Question: When preparing the the operating section using the direct method, which of the following statements is true? 0 A. Gains on sales of long-term assets

When preparing the the operating section using the direct method, which of the following statements is true? 0 A. Gains on sales of long-term assets are omitted from cash flows. B. A decrease in accounts payable is added to expenses O C. Depreciation expense is deducted from cash flows. 0 D. A decrease in accounts receivable is added to sales

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