Which of the following adjustments to convert net income to net cash provided by operating activities is incorrect? $\begin{array}{lll}
&&&&&&&&&&\text { Add to Net Income}&\text { Deduct from Net Income}\\end{array}$
A)$\begin{array}{lll}
\text { Accounts Receivable } && \text {decrease } &&&& \text { increase } \\end{array}$
B)$\begin{array}{lll}\text { Prepaid Expenses } &&& \text { increase } &&&& \text { decrease } \\end{array}$
C)$\begin{array}{lll}\text { Inventory } &&&&&& \text { decrease }&&& & \text { increase } \\end{array}$
D)$\begin{array}{lll}\text { Accounts Payable } &&& \text {increase } &&&& \text { decrease }
\end{array}$

Question

Which of the following adjustments to convert net income to net cash provided by operating activities is incorrect? $\begin{array}{lll}
&&&&&&&&&&\text {  Add to Net Income}&\text {   Deduct from Net Income}\\end{array}$
A)$\begin{array}{lll}
\text {  Accounts Receivable } && \text {decrease } &&&& \text { increase } \\end{array}$
B)$\begin{array}{lll}\text {  Prepaid Expenses } &&& \text { increase } &&&& \text { decrease } \\end{array}$
C)$\begin{array}{lll}\text {  Inventory } &&&&&& \text { decrease }&&& & \text { increase } \\end{array}$
D)$\begin{array}{lll}\text {  Accounts Payable  } &&& \text {increase } &&&& \text {  decrease }
\end{array}$

Quizplus · Accepted Answer

The Answer of Which of the following adjustments to convert net income to net cash provided by operating activities is incorrect? $\begin{array}{lll}
&&&&&&&&&&\text {  Add to Net Income}&\text {   Deduct from Net Income}\\end{array}$
A)$\begin{array}{lll}
\text {  Accounts Receivable } && \text {decrease } &&&& \text { increase } \\end{array}$
B)$\begin{array}{lll}\text {  Prepaid Expenses } &&& \text { increase } &&&& \text { decrease } \\end{array}$
C)$\begin{array}{lll}\text {  Inventory } &&&&&& \text { decrease }&&& & \text { increase } \\end{array}$
D)$\begin{array}{lll}\text {  Accounts Payable  } &&& \text {increase } &&&& \text {  decrease }
\end{array}$

Which of the Following Adjustments to Convert Net Income to Net