Match the Letter with Each Item Below to Indicate How

question 65

Essay

Match the letter with each item below to indicate how net income is adjusted when using the indirect method to determine net cash flow from operating activities.
A - Add item to net income
S - Subtract item from net income
N - No adjustment necessary
_______ decrease in property,plant and equipment
_______ increase in accounts receivable
_______ decrease in inventory
_______ decrease in prepaid expenses
_______ increase in accounts payable
_______ decrease in accrued liabilities
_______ decrease in income tax payable
_______ increase in dividends payable
_______ gain on sales of property,plant and equipment
_______ depreciation

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Definitions:

Papillary Muscles

Muscular projections in the heart ventricles that attach to the cusps of the atrioventricular valves via the chordae tendineae, playing a role in valve function.

Left Ventricle

The chamber of the heart that receives oxygenated blood from the left atrium and pumps it out through the aorta to circulate oxygen-rich blood throughout the body.

Aorta

The largest artery in the body, which carries oxygen-rich blood from the left ventricle of the heart to various parts of the body.

Pulmonary Arteries

The blood vessels that transport blood lacking oxygen from the heart to the lungs to be oxygenated.