If operating cash flows are calculated using the indirect method,which of the choices below correctly states the direction of adjustments to convert net income into net cash provided by or used in operations?
A)Option A
B)Option B
C)Option C
D)Option D

Question

If operating cash flows are calculated using the indirect method,which of the choices below correctly states the direction of adjustments to convert net income into net cash provided by or used in operations? 
A)Option A 
B)Option B 
C)Option C 
D)Option D

Quizplus · Accepted Answer

Increases in current assets and decreases in current liabilities are subtracted from Net Income to arrive at net cash provided by or used in operations.Decreases in current assets or increases in current liabilities are added to Net Income to arrive at net cash provided by or used in operations.

If Operating Cash Flows Are Calculated Using the Indirect Method,which