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Author Question: Which of the following items is subtracted from net income when using the indirect method of ... (Read 57 times)

meganh99

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on: Feb 5, 2023

Question 1

Which of the following items is subtracted from net income when using the indirect method of calculating cash flows provided by operating activities?
◦ A loss on the sale of equipment
◦ A gain on the sale of land
◦ Depreciation expense
◦ Repayment of bonds payable

Question 2

Which of the following items is subtracted from net income when using the indirect method of calculating cash flows provided by operating activities?
◦ A decrease in accounts receivable
◦ A loss on the sale of equipment
◦ A decrease in salaries payable
◦ Depreciation expense
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by meganh99 on Feb 5, 2023

KobyRhoads

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Reply #1 on: Feb 5, 2023
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meganh99

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Reply 2 on: Feb 5, 2023
Excellent

mochi09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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