All of the Following May Appear as an Adjustment of Net

question 83

Multiple Choice

All of the following may appear as an adjustment of net income when preparing the statement of cash flows using the indirect method EXCEPT:

• A)payment of cash dividends.
• B)depreciation expense.
• C)loss on sale of long-term assets.
• D)an increase in accounts payable.

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Definitions:

Palate

The roof of the mouth, separating the oral and nasal cavities, which is involved in taste, speech, and swallowing.

Roof

The upper covering of a building, providing protection from weather conditions such as rain or snow.

Vitamins

Organic compounds essential to human health that must be obtained from the diet because they are not synthesized by the body in sufficient amounts.

Regulating Chemicals

Substances used to control or adjust processes in the body or in industrial practices.