Which of the Following Items Would Be Deducted from Net

question 57

Multiple Choice

Which of the following items would be deducted from net income to determine net cash provided by operating activities using the indirect method?

• A)loss on sale of plant assets and amortization of bond payable discount
• B)amortization of bond payable premium and gain on sale of equipment
• C)amortization expense and gain on sale of equipment
• D)decrease in income taxes payable and amortization of goodwill

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Definitions:

Independent Agent

An individual or entity that acts in their own interest, usually representing multiple companies in a non-exclusive manner.

Employee

An individual who works part-time or full-time under a contract of employment, whether oral or written, express or implied, and has recognized rights and duties.

Lied

The act of providing false information or statements with the intention to deceive.

Conduct

The manner in which a person behaves, especially in a particular context or situation.