Which of the following is not added to net income as an adjustment to reconcile net income to cash from operating activities on the statement of cash flows?
A) Increase in an accrued liability
B) Amortization of discount on bond payable
C) Loss on sale of operational asset
D) Increase in deferred tax asset

Question

Quizplus · Accepted Answer

An increase in a deferred tax asset is subtracted from net income in the operating activities section of the cash flow statement, as it represents a future tax benefit that does not affect current cash flow.

Which of the Following Is Not Added to Net Income