Given below is a list of items that may be reported on a statement of cash flows.Identify each as one of the following using the indirect method:
-Depreciation expense
A)Operating
B)Investing
C)Financing
D)Not separately reported on a statement of cash flows

Question

Quizplus · Accepted Answer

Depreciation expense is a non-cash item that is added back to net income when preparing the operating activities section of the statement of cash flows using the indirect method. It is considered an operating activity because it is related to the ongoing operations of the business.

Given Below Is a List of Items That May Be