When converting net income to net cash provided by operating activities on the statement of cash flows,indirect method,which of the following is NOT added to net income?
A) Gain on sale of land
B) Decrease in inventory
C) Decrease in accounts receivable
D) Depreciation expense
Correct Answer:
Verified
Q61: All of the following may appear as
Q65: Under the indirect method of preparing the
Q67: Using the indirect method to prepare the
Q69: Under the indirect method of preparing a
Q71: In computing Net Cash Provided by Operating
Q73: Under the indirect method to prepare the
Q77: When preparing the statement of cash flows
Q78: Using the indirect method to calculate net
Q78: Using the indirect method of preparing the
Q79: On a statement of cash flows prepared
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents