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Viktor [21]
3 years ago
15

When using the indirect method to determine cash flows from operating activities, an increase in prepaid expenses should be repo

rted as: not reported
Business
1 answer:
AysviL [449]3 years ago
6 0

Answer:

it is an adjustment to net income.

Since the prepaid expenses increased during the year, the amount by which it increased should be deducted from operating cash flows

Explanation:

other adjustments to net income:

depreciation expense

changes in accounts receivable

changes in inventory level

changes in accounts payable

changes in other current liabilities, e.g. taxes payable

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Explanation:

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Answer:

B

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Answer:

3:

A college may withdraw its offer of acceptance if it finds out you have lied on

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A college may revoke an admission letter if they discover inconsistency in a student's records. For instance, a sudden change to higher grades may indicate cheating. If investigated and found correct, the college may revoke its offer acceptance letter.

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