Which of the Following Should Be Added to Net Income

question 42

Multiple Choice

Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method?

• A) depreciation expense
• B) an increase in inventory
• C) a gain on the sale of equipment
• D) dividends declared and paid

Recognize the importance of utilizing both traditional and electronic sources for job searching effectively.

Identify the characteristics and purposes of different types of resumes and when to use them.

Comprehend the role and effective composition of application messages in the job search process.

Acknowledge the significance of non-traditional job search methods, including the use of electronic resources and employment videos.

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Definitions:

International Sale of Goods

Refers to the sale transaction of goods between parties situated in different countries, governed by international agreements like the CISG.

Letter-of-Credit Transaction

A financial transaction in which a bank guarantees the payment of a buyer's obligations to a seller, provided that the seller meets the specified terms of the sales agreement.

Bill of Lading

A legal document between a shipper and carrier detailing the type, quantity, and destination of goods being shipped.

Contracted-for Shipment

An agreement to transport goods to a specified location under the terms of a contract.