Which of the following would be added to net income when using the indirect approach to prepare the cash from operating activities of the Statement of Cash Flows?
A) increase in inventory
B) gain on sale of investments
C) decrease in wages payable
D) decrease in accounts receivable
Correct Answer:
Verified
Q48: Financing activities typically involve accounts classified as
A)current
Q49: Which of the following transactions or activities
Q50: The activities of a corporation that are
Q51: How should a gain on the sale
Q52: Which of the following would be an
Q54: Which of the following is a deduction
Q55: Investing activities typically involve accounts classified as
A)long-term
Q56: Under the indirect approach,adjustments must be made
Q57: On the Statement of Cash Flows,which of
Q58: Which of the following would be an
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