Since Depreciation Expense Is Added Back to Net Income in the Operating

question 1

True/False

Since depreciation expense is added back to net income in the operating section of an indirect method cash flow statement, if depreciation expense increases cash flows will similarly increase.

---

Definitions:

Remittances

Money sent by individuals working abroad back to their home country, often to support family members.

Brain Drain

The phenomenon of skilled professionals emigrating from one country to another, often in search of better opportunities.

Cash Welfare Payments

Government-provided financial assistance to individuals or families, often aimed at reducing poverty.

Immigrants

Individuals who move from one country to another for the purpose of settling or residing there, often in search of a better life or opportunities.