Under ASPE All of the Following Might Appear as Adjustments

question 61

Multiple Choice

Under ASPE all of the following might appear as adjustments to net income on an indirect method statement of cash flows except:

• A) payment of dividends
• B) depreciation expense
• C) an increase in Accounts Receivable
• D) gain on sale of capital assets

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Definitions:

Government Planning

The process by which governments set objectives, develop strategies, and outline activities to achieve public policy goals.

Interlocking Directorates

Are formed when an individual sits on the board of directors of two or more noncompeting companies.

Board of Directors

A group of individuals elected to represent shareholders and make decisions on major company issues, including corporate policies and strategic goals.

Non-Competing

Pertaining to elements or entities that do not engage in competition against each other, either within markets or sports.