When the indirect method is used, if a prepaid expense account increases during the accounting...
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Accounting
- When the indirect method is used, if a prepaid expense account increases during the accounting period, the change in the prepaid expense account is:
A) added as a source of cash on the cash flow statement
B) added to net income.
C) subtracted from net income.
D) subtracted as a use of cash on the cash flow statement
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