Which of the Following Adjustments to Convert Net Income to Net

question 167

Multiple Choice

Which of the following adjustments to convert net income to net cash provided by operating activities is not added to net income?

• A)Gain on Disposal of Equipment.
• B)Depreciation Expense.
• C)Patent Amortization Expense.
• D)Depletion Expense.

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Definitions:

Inflation Rate

The speed at which the overall price level for goods and services increases, leading to a decrease in buying power.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, a key economic indicator of a country's economic health.

Bowers V. Hardwick

A controversial 1986 Supreme Court decision upholding a Georgia sodomy law, later overturned by Lawrence v. Texas in 2003.

Federal Power

The authority held by the national government of a federal state, as distinguished from the powers held by state or provincial governments.