Which would NOT be subtracted from net income in the operating section of an indirect cash flow statement?

Question

Quizplus · Accepted Answer

An increase in Accounts Payable is a liability, which means that it represents money owed by the company to another party. Liabilities are not subtracted from net income in the operating section of an indirect cash flow statement. The other choices (A, C, and D) are all accounts that impact the company's cash balance and therefore would be subtracted from net income in the operating section.

Which Would NOT Be Subtracted from Net Income in the Operating