A decrease in accounts payable is added to net income in the operating activities section of the statement of cash flows prepared under the indirect method.

Name: A decrease in accounts payable is added to net income in the operating activities section of the statement of cash flows prepared under the indirect method.
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Question

Quizplus · Accepted Answer

A decrease in accounts payable is deducted from net income in the operating activities section of the statement of cash flows prepared under the indirect method.

A Decrease in Accounts Payable Is Added to Net Income