When preparing a statement of cash flows using the indirect method,an increase in accounts payable is added to net income.

Name: When preparing a statement of cash flows using the indirect method,an increase in accounts payable is added to net income.
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An increase in accounts payable is added to net income when preparing a statement of cash flows using the indirect method because it represents a source of cash for the company.

When Preparing a Statement of Cash Flows Using the Indirect