QUESTION 8 Gioja Corporation prepares its statement of cash flows using the indirect method. Which of the following would be deducted from net income in the operating activities section of the statement? Increase in Taxes Payable A) B) C) D) O Item A O Item O Item O Item D Increase in Dividends Payable Yes No Yes Yes CE No Solution Operating activities includes current assets and liabilities but dividend payable changes includes in financing activities : So answer is b) Item BIncrease in income tax payableIncrease in dividend payableb)YesNo.