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Question: T7) Tomlin Corporation prepares its statement of cash flows using the indirect method. Which of t…
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Question: T7) <a rel=Tomlin Corporation prepares its statement of cash flows using the indirect method. Which of t…” />

Show transcribed image text t7) Tomlin Corporation prepares its statement of cash flows using the indirect method. Which of the following would be subtracted from net income in the operating activities section of the statement? A) Yes B) Yes No A. Option A B. Option B C. Option C D. Option D 18) An increase in accounts receivable of $1.000 over the course of a year would be shown on the pany's stateme com of cash flows prepared under the indirect method as: A. an addition to net income of S1,000 in order to arrive at net cash provided by operating activities. B. a deduction from net income of $1,000 in order to arrive at net cash provided by operating activities. C. an addition of $1,000 under financing activities. D. a deduction of $1.000 under financing activities. 19) An increase in accrued liabilities of s1.000 during a year would be shown on the company's statement of cash f prepared under the indirect method as: A an addition to net income of $1.000 in order to arrive at net cash provided by operating activities. B. a deduction from net income of $1,000 in order to arrive at net cash provided by operating activities. C. a deduction of $1,000 under investing activities. D, an addition of $1,000 under financing activities.

t7) Tomlin Corporation prepares its statement of cash flows using the indirect method. Which of the following would be subtracted from net income in the operating activities section of the statement? A) Yes B) Yes No A. Option A B. Option B C. Option C D. Option D 18) An increase in accounts receivable of $1.000 over the course of a year would be shown on the pany's stateme com of cash flows prepared under the indirect method as: A. an addition to net income of S1,000 in order to arrive at net cash provided by operating activities. B. a deduction from net income of $1,000 in order to arrive at net cash provided by operating activities. C. an addition of $1,000 under financing activities. D. a deduction of $1.000 under financing activities. 19) An increase in accrued liabilities of s1.000 during a year would be shown on the company's statement of cash f prepared under the indirect method as: A an addition to net income of $1.000 in order to arrive at net cash provided by operating activities. B. a deduction from net income of $1,000 in order to arrive at net cash provided by operating activities. C. a deduction of $1,000 under investing activities. D, an addition of $1,000 under financing activities.

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