Which of the following adjustments to convert net income to net cash provided by operating activities is correct? $$\begin{array} { l c c }
& \text { Add to Net Income } & \text { Deduct from Net Income } \
\text { a. Accounts Receivable } & \text { increase } & \text { decrease } \
\text { b. Prepaid Expenses } & \text { increase } & \text { decrease } \
\text { c. Inventory } & \text { decrease } & \text { increase } \
\text { d. Taxes Payable } & \text { decrease } & \text { increase }
\end{array}$$

Question

Which of the following adjustments to convert net income to net cash provided by operating activities is correct? $$\begin{array} { l c c } 
& \text { Add to Net Income } & \text { Deduct from Net Income } \
\text { a. Accounts Receivable } & \text { increase } & \text { decrease } \
\text { b. Prepaid Expenses } & \text { increase } & \text { decrease } \
\text { c. Inventory } & \text { decrease } & \text { increase } \
\text { d. Taxes Payable } & \text { decrease } & \text { increase }
\end{array}$$

Quizplus · Accepted Answer

The Answer of Which of the following adjustments to convert net income to net cash provided by operating activities is correct? $$\begin{array} { l c c } 
& \text { Add to Net Income } & \text { Deduct from Net Income } \
\text { a. Accounts Receivable } & \text { increase } & \text { decrease } \
\text { b. Prepaid Expenses } & \text { increase } & \text { decrease } \
\text { c. Inventory } & \text { decrease } & \text { increase } \
\text { d. Taxes Payable } & \text { decrease } & \text { increase }
\end{array}$$

Which of the Following Adjustments to Convert Net Income to Net