Cash flows from operating activities-indirect method
In the computation of net cash flows from operating activities for 2009 by the indirect method, determine whether each of the following items would be added to net income, deducted from net income, or omitted from the computation. Indicate your answer by using the following symbols: + (added to net income), - (deducted from net income), or 0 (omitted from computation).
____ (a) A decrease in accounts payable to suppliers of merchandise during 2009.
____ (b) A loss recognized on the sale of office equipment during 2009.
____ (c) Depreciation expense for 2009.
____ (d) Dividends, declared at the end of last year, paid to shareholders during the current year.
____ (e) An increase in inventory levels during 2009.
____ (f) A decrease in accounts receivable from customers during 2009.
Correct Answer:
Verified
(b) ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q66: Net cash flow from operating activities for
Q72: [The following information applies to the questions
Q107: Classification of cash flows
Indicate how each of
Q144: Accounting terminology
Listed below are eight technical
Q148: Cash flows and accounting records
In a business
Q150: Format of a cash flow statement-direct
Q151: Computation of operating cash flows
The financial
Q152: Computation of cash flows
An analysis of
Q153: Cash flow from operations activities-indirect method
An analysis
Q154: Format of a cash flows statement-direct
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