Which of the following should be SUBTRACTED from net income + depreciation when constructing a
statement of cash flows using the indirect method? Choose ALL that apply (this is an all or nothing question
- you must correctly choose all correct answers to receive any credit for this question).
a. Increase in an asset account that is related to an account on the income statement.
b. Decrease in an asset account that is related to an account on the income statement.
c. Increase in a liability account that is related to an account on the income statement.
d. Decrease in a liability account that is related to an account on the income statement.
e. None of the above.