Which of the following is not an adjustment applied to net income to arrive at net cash provided or used by operating activities under the indirect method?
A)add back losses.
B)add back noncash expenses.
C)add increases in current assets.
D)deduct decreases in current liabilities.

Question

Quizplus · Accepted Answer

Under the indirect method, increases in current assets are deducted from net income to arrive at net cash provided or used by operating activities.

Which of the Following Is Not an Adjustment Applied to Net