Using the Indirect Method, Which of the Following Would Not

question 35

Multiple Choice

Using the indirect method, which of the following would not be needed to determine net cash provided by operating activities?

• A)Depreciation expense
• B)Change in accounts receivable
• C)Payment of cash dividends
• D)Change in prepaid expenses

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Definitions:

Ordinary Annuity

A financial product involving regular payments received or paid over a designated period of time at equal intervals.

Financial Calculator

A specialized calculator designed to perform financial functions, including interest rate calculations, investment appraisal, amortization schedules, and more.

Compounded Semi-annually

Interest calculated twice a year on both the initial principal and the accumulated interest from previous periods.

Month-end Contributions

The act of adding funds to an investment, account, or plan specifically at the end of a month.