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Visionary Products Purchased Assignment | Top Universities

When preparing the operating act Visionary Products purchased a bu… (5) WhatsApp When preparing the operating activities section of the statement of cash flows using the indirect method, a decrease in accounts receivable is subtracted from net income. True False QUESTION 2 5 points Save Answer When preparing the operating activities section of the statement of cash flows using the direct method, non- operating losses are added to net income. True False

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QUESTION 3 5 points Save Answer When preparing the operating activities section of the statement of cash flows using the indirect method, decreases in current operating assets are subtracted from net income. O True False QUESTION 4 5 points Save Answer Cash flows are essentially the same as net income because they are both measured using accrual accounting principles. True False 5 points Save Answer QUESTION 5 A purchase of land in exchange for a long-term note payable must be disclosed as a noncash investing and financing activity. true False. Get Accounting Homework Help Today

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