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Author Question: Which of the following items is subtracted from net income when using the indirect method of ... (Read 61 times)

meganh99

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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


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Marked as best answer by meganh99 on Feb 5, 2023

KobyRhoads

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meganh99

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


tanna.moeller

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Reply 3 on: Yesterday
Gracias!

 

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