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Assuming the Use of the Indirect Method to Prepare the Statement

Question 128

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Assuming the use of the indirect method to prepare the statement of cash flows, indicate whether each of the following items would be added to net income, subtracted from net income, or not included in the operating activities section of the statement of cash flows. Use the letters "A" for added; "S" for subtracted or "N" for not included in operating activities section. Assuming the use of the indirect method to prepare the statement of cash flows, indicate whether each of the following items would be added to net income, subtracted from net income, or not included in the operating activities section of the statement of cash flows. Use the letters  A  for added;  S  for subtracted or  N  for not included in operating activities section.

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