Under ASPE all of the following might appear as adjustments to net income on an indirect method statement of cash flows except:
A) depreciation expense
B) an increase in Accounts Receivable
C) gain on sale of capital assets
D) payment of dividends

Question

Quizplus · Accepted Answer

Payment of dividends is a financing activity and does not appear as an adjustment to net income in the operating activities section of the cash flow statement under the indirect method.

Under ASPE All of the Following Might Appear as Adjustments