Which of the Following Would Require an Adjustment in the Computation

question 70

Multiple Choice

Which of the following would require an adjustment in the computation of cash flow from operations using the indirect method?

I. Depreciation expense
II. Loss on sale of asset
III. Sale of services to customers for cash
IV. Utility bill received and paid in cash

• A)I
• B)I and II
• C)I and III
• D)IV

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Definitions:

Title VII

A provision in the Civil Rights Act of 1964 that forbids discrimination in employment due to a person's race, color, religious beliefs, gender, or country of origin.

Civil Rights Act

Landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Affirmative Action

Policies and procedures designed to combat discrimination and promote diversity by favoring individuals belonging to groups known to have been discriminated against previously.

Inherent Power

Inherent powers are those powers not explicitly specified but are necessary for the government or an authority to carry out its governing responsibilities.