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Match the Letter with Each Item Below with the Following

Question 105

Essay

Match the letter with each item below with the following letters to indicate how net income is adjusted when using the indirect method to determine net cash flow from operating activities.
A-Add item to net income
S-Subtract item from net income
N-No adjustment necessary
_____ decrease in property,plant,and equipment
_____ increase in accounts receivable
_____ decrease in inventory
_____ decrease in prepaid expenses
_____ increase in accounts payable
_____ decrease in accrued liabilities
_____ decrease in income tax payable
_____ increase in dividends payable
_____ gain on sales of property,plant,and equipment
_____ amortization

Correct Answer:

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