If the indirect method is used to prepare a statement of cash flows, which of the following would be added to net income to arrive at net cash flows from operating activities?
a. Decrease in accounts payable
b. Increase in inventory
c. Decrease in prepaid expenses
d. Increase in accounts receivable
C
Business
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Tana's divorce decree requires Tana to make the following transfers to her former spouse during the current year: Alimony payments of $3,000. Child support of $2,000. Property division of stock with a basis of $4,000 and a fair market value of $6,500. What is the amount of Tana's alimony deduction?
a) $7,000 b) $11,500 c) $9,500 d) $3,000
Business
When conducting exploratory research, the focus of the investigation may shift constantly as new insights are discovered
Indicate whether the statement is true or false
Business