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Which is a subtraction from net income to arrive

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Reference no: EM132595025

Question 1: Given the items below, which of the following is a subtraction from net income to arrive at Operating Cash Flows using the indirect method?

I. Loss on sale of assets

II. Increase in Supplies

III. Increase in Accounts Payable

IV. Depreciation expense

a. II. only.

b. IV. only.

c. I. and II.

d. II. and III.

Reference no: EM132595025

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