Which of the following adjustments to convert net income to net cash provided by operating activities is not added to net income?
A) Gain on Sale of Equipment
B) Depreciation Expense
C) Patent Amortization Expense
D) Depletion Expense

Question

Quizplus · Accepted Answer

Gains on the sale of equipment are subtracted from net income when adjusting to net cash provided by operating activities because they are non-cash transactions that had increased net income.

Which of the Following Adjustments to Convert Net Income to Net