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When Adjusting Net Income to Cash Using the Indirect Method

Question 18

Short Answer

When adjusting net income to cash using the indirect method describe how each of the following should adjust net income.Added (+),Subtracted (-)or No Adjustment (N
A).
_____ 1.Increases in Accounts Receivable
_____ 2.Gain on Sale of Equipment
_____ 3.Decrease in Accounts Payable
_____ 4.Depreciation Expense
_____ 5.Increase in Land account
_____ 6.Decrease in Inventory
_____ 7.Decrease in Dividend Payable
_____ 8.Increase in Prepaid Insurance
_____ 9.Decrease in Discount on Bonds Payable
_____10.Decrease in Salaries Payable

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1.- 2.- 3....

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