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Determine which line item used in operating section

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Question 1: Panjim recorded an interest expense of $6,000 for 2015. Which one of the following line items would be included in the operating section of the Panjim's 2015 indirect method statement of cash flows?

Add increase in interest payable...$1,000

Subtract increase in interest payable...($1,000)

Add increase in interest payable...$6,000

Subtract decrease in interest payable...($5,000)

Reference no: EM132480638

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