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Statement of Cash Flows – which of the following is incorrect when using the indirect method?
A.Declaration and payment of dividends on company stocks are subtracted to determine cash flows from operating activities.
B.Increases in operating current assets are subtracted to determine cash flows from operating activities.
C.Gains on sales of assets are subtracted from net income to determine cash flows from operating activities.
D.Losses on sales of assets are added to net income to determine cash flows from operating activities.
E.Increases in operating current liabilities are added to determine cash flows from operating activities.
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