CourseLover

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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Management Posted 20 Dec 2017 My Price 10.00

Decrease in the prepaid expenses account

A decrease in the prepaid expenses account of $1,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as

an addition to net income of $1,000 in order to arrive at net cash provided by operating activities.
    a deduction from net income of $1,000 in order to arrive at net cash provided by operating activities.
    an addition of $1,000 under financing activities.
    a deduction of $1,000 under financing activities.

 

Answers

CourseLover
(12)
Status NEW Posted 20 Dec 2017 06:12 AM My Price 10.00

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