In a Statement of Cash Flows (Indirect Method),depreciation Expense Should

question 3

Multiple Choice

In a statement of cash flows (indirect method) ,depreciation expense should be presented as:

• A)a cash flow from financing activities.
• B)a cash flow from investing activities.
• C)a deduction from net income.
• D)an addition to net income.
• E)a financial activity.

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Definitions:

Normative Ethics

A branch of ethics concerned with setting standards or norms for right and wrong behavior.

Teleological

Pertaining to teleology, the philosophical study of design and purpose, especially as related to the ethical and moral implications of actions and outcomes.

Deontological

An ethical theory based on the principle that the morality of an action should be based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action.

Freedom Of Information Act

A U.S. law that grants public access to records held by federal agencies, aiming to ensure government transparency.