Which of the Following Would Be Added to Net Income

question 41

Multiple Choice

Which of the following would be added to net income when determining cash flows from operating activities under the indirect method?

• A)A decrease in accounts payable.
• B)Patent amortization expense.
• C)An increase in prepaid insurance.
• D)A gain on the sale of a depreciable asset.

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Definitions:

African American Veterans

Military service members of African descent who served in the United States Armed Forces, often facing segregation and discrimination both during service and in post-service life.

Civil Rights Movement

A decades-long struggle during the mid-20th century in the United States, aiming to end racial segregation and discrimination against African Americans and secure legal recognition and federal protection of citizenship rights.

Red Scare

Periods of intense fear of communism and radical political ideologies in various countries, notably the United States, leading to repression and suspicion.

Civil Liberties

Fundamental rights and freedoms protected by law from governmental interference or deprivation, including freedom of speech, the right to privacy, and the right to fair treatment under the law.