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Home / Questions / Platt Company prepares its statement of cash flows using the indirect method. Indicate whe

Platt Company prepares its statement of cash flows using the indirect method. Indicate whe

Platt Company prepares its statement of cash flows using the indirect method. Indicate whether each of the items below would be added to (+) or deducted from (–) net income to determine net cash flows from operating activities.

 

_____ 1. Decrease in Inventory

 

_____ 2. Decrease in Accounts Payable

 

_____ 3. Depreciation Expense

 

_____ 4. Loss on Disposal of Truck

 

_____ 5. Increase in Accounts Receivable

 

_____ 6. Increase in Wages Payable

 

_____ 7. Amortization Expense

 

_____ 8. Increase in Prepaid Rent

 

_____ 9. Gain on Sale of Land

 

_____ 10. Increase in Income Taxes Payable

Dec 10 2019 View more View Less

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