Question: When the indirect method is used to prepare the statement of cash flows, if prepaid expenses decreases during the accounting period, the change in prepaid
When the indirect method is used to prepare the statement of cash flows, if prepaid expenses decreases during the accounting period, the change in prepaid expenses is
a. added to net income b. added to the change in cash account c. subtracted from the change in the cash account d. subtracted from net income
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