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Which of the Following Adjustments to Convert Net Income to Net

Question 27

Multiple Choice

Which of the following adjustments to convert net income to net cash provided by operating activities is correct? \quad \quad \quad \quad \quad \quad \quad Add to Net Income \quad Deduct from Net Income


A) \quad Accounts Receivable \quad \quad increase \quad \quad decrease
B) \quad Prepaid Expenses \quad \quad increase \quad \quad \quad decrease
C) \quad Inventory \quad \quad \quad \quad decrease \quad \quad \quad increase
D) \quad Taxes Payable \quad \quad \quad decrease \quad \quad \quad increase

Correct Answer:

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