On a statement of cash flows (indirect method), which item is reported as a line item under cash from operating activities?
A)sale of securities
B)purchase of fixed assets
C)purchase of securities
D)amortization expense

Question

Quizplus · Accepted Answer

Amortization expense is a non-cash charge that is added back to net income in the operating activities section of the cash flow statement when using the indirect method.

On a Statement of Cash Flows (Indirect Method), Which Item