Under the indirect method,which of the following items would be added to net income to determine the cash flow from operating activities?
A)Gain on the sale of equipment
B)Depreciation expense
C)Accrued interest receivable
D)Decrease in the balance of accounts payable

Question

Quizplus · Accepted Answer

Because depreciation expense reduces net income,but is a noncash expense,it is added to net income.

Under the Indirect Method,which of the Following Items Would Be