All of the Following Adjustments Would Be Deducted in Determining

question 125

Multiple Choice

All of the following adjustments would be deducted in determining net cash provided by operating activities except a(n)

• A)increase in inventories.
• B)depreciation expense.
• C)gain on disposal of plant assets.
• D)decrease in accrued expenses payable.

Recognize the various steps in the accounting cycle, including journalizing and posting closing entries.

Understand the concept of the operating cycle and its importance to a company’s cash flow.

Differentiate between various types of liabilities and their classification on a balance sheet.

Identify and differentiate between the major classifications of assets in a balance sheet.

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Definitions:

Purulent Drainage

A thick and often yellow, green, or brown discharge from a wound, indicating an infection.

Fecal Occult Blood

This is a clinical test for detecting hidden blood in the stool, an indicator that may suggest gastrointestinal bleeding.

Blood Specimen

A sample of blood taken for testing or analysis to diagnose, monitor, or treat various health conditions.

Sputum

A mixture of saliva and mucus coughed up from the respiratory tract, especially from the lungs, used for diagnosing respiratory diseases.