Which of the following is a deduction from net income when using the indirect approach to prepare the cash from operations section of the cash flow statement?
A) Increase in accounts payable
B) Decrease in prepaid expenses
C) Gain on sale of investments
D) Amortization expense
Correct Answer:
Verified
Q21: If a company has made arrangements with
Q22: All of the following would reduce a
Q23: On the cash flow statement, which of
Q24: The direct approach differs from the indirect
Q25: Operating activities typically involve balance sheet accounts
Q27: Under the indirect approach adjustments must be
Q28: Which of the following is a cash
Q29: Under the indirect approach, to preparing the
Q30: Under the direct approach for cash flow
Q31: Cash flows from financing activities include:
A)proceeds received
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