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

---

Definitions:

Lie

A false statement made with deliberate intent to deceive; an intentional untruth.

Acrophobia

An intense fear of heights, often leading to anxiety or panic when one is not grounded or in a high place.

Hemophobia

An intense fear of blood, which can lead to anxiety or panic attacks at the sight or thought of blood.

Arachnophobia

A specific phobia involving intense fear of spiders.