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When using the indirect method in the statement of cash? flows, the company would subtract the...

When using the indirect method in the statement of cash? flows, the company would subtract the net change in a current asset account if the balance increased over time.??T or F

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Answer #1

In the indirect method of statement of cash flow change in current assets and current liabilities should be considered as if current assets increase and current liabilities decrease it should be deducted and when current asset decrease and current liabilities increase is should be added

So above statement When using the indirect method in the statement of cash? flows, the company would subtract the net change in a current asset account if the balance increased over time is true

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