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ejones3535 ejones3535
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5 years ago
When preparing the operating section of the statement of cash flows using the direct method, which of the following statements is true?
A) An increase in accounts payable is added to expenses.
B) An increase in accounts receivable is added to sales.
C) Depreciation expense is added to cash flows.
D) Gains on sales of long term assets are subtracted from cash flows.
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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leo501leo501
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5 years ago
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ejones3535 Author
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5 years ago
White Heavy Checkmark Correct!
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