Business
Business, 26.02.2020 22:04, brendacauani12345

Reid Company's balance in prepaid insurance at the beginning and end of the year was $1,000 and $1,200, respectively. This will be reported on the statement of cash flows using the indirect method as:

a. a decrease of $200 which will be added to net income

b. an increase of $200 which will be subtracted from net income

c. an increase of $200 which will be added to net income

d. a decrease of $200 which will be subtracted from net income

answer
Answers: 2

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Reid Company's balance in prepaid insurance at the beginning and end of the year was $1,000 and $1,2...

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