Under the direct method of determining the net cash provided by operating activities on the statement of cash flows, one step in adjusting selling and administrative expenses from an accrual to a cash basis is to subtract any increase in prepaid expenses.

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The Answer of Under the direct method of determining the net cash provided by operating activities on the statement of cash flows, one step in adjusting selling and administrative expenses from an accrual to a cash basis is to subtract any increase in prepaid expenses.

Under the Direct Method of Determining the Net Cash Provided