On a statement of cash flows prepared with the indirect method,adjustments to reconcile net income to net cash provided by operating activities do NOT include:
A)gain on sale of equipment.
B)patent amortization expense.
C)depletion expense.
D)changes in all of the current assets.

Question

Quizplus · Accepted Answer

The change in the Cash account is not used in the calculation of Net Cash Provided by Operating Activities.Cash is a current asset.

On a Statement of Cash Flows Prepared with the Indirect