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(Solution) - State whether a firm would add or subtract the following

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State whether a firm would add or subtract the following items from income to compute cash flows from operations under the indirect method.
Items Added or Subtracted
Increase in prepaid expense???????.. _______________
Decrease in income taxes payable?????. _______________
Decrease in accounts receivable??????. _______________
Increase in inventory??????????.. _______________
Decrease in the current portion of
long-term debt????????????? _______________
Increase in accounts payable???????.. _______________


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This question was answered on: Jul 11, 2017

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