In preparing the statement of cash flows by the indirect method,increases in noncash current assets are subtracted from net income.

Name: In preparing the statement of cash flows by the indirect method,increases in noncash current assets are subtracted from net income.
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Question

Quizplus · Accepted Answer

Decreases in noncash current assets are added to and increases in noncash current assets are subtracted from net income to determine net cash flow from operating activities.

In Preparing the Statement of Cash Flows by the Indirect