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katiemarie katiemarie
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4 months ago
Brandon, Inc. had a $1,000 increase in accounts payable during the year. Which of the following will appear on the statement of cash flows prepared using the indirect method?

▸ Add $1,000 to net income in order to arrive at net cash provided by operating activities.

▸ Deduct $1,000 to arrive at net cash flows from investing activities.

▸ Deduct $1,000 from net income in order to arrive at net cash provided by operating activities.

▸ Do not include the $1,000 in the statement of cash flows but show it in an accompanying schedule of non-cash transactions.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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crwille78crwille78
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Add $1,000 to net income in order to arrive at net cash provided by operating activities.
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katiemarie Author
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4 months ago
Good timing, thanks!
Shuqin
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Yesterday
Correct Slight Smile TY
DragonHeart
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2 hours ago
Thanks
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