To convert cost of goods sold to cash paid to suppliers for inventory purchases, we during the year. multiple choice 3 add the increase in inventory and subtract the increase in accounts payable add the increase in inventory and add the increase in accounts payable subtract the increase in inventory and add the increase in accounts payable subtract the increase in inventory and subtract the increase in accounts payable Knowledge Check 04 To convert selling and administrative expense to cash paid for insurance, to utility providers, etc., depreciation is . multiple choice 4 added ignored subtracted