Each of the following is an adjustment to convert net income to net cash provided by operating activities except
A)adding back noncash expenses.
B)adding gains and deducting losses.
C)analyzing changes to noncash current asset and current liability accounts.
D)All of these answer choices are adjustments.

Question

Quizplus · Accepted Answer

Adding gains and deducting losses is not an adjustment to convert net income to net cash provided by operating activities; instead, gains are deducted and losses are added back.

Each of the Following Is an Adjustment to Convert Net