Using the Indirect Method, Which of the Following Adjustments to Convert

question 40

Multiple Choice

Using the indirect method, 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 Sale of Equipment
• B) Depreciation Expense
• C) loss on Sale of Equipment
• D) amortization of Bond Discount

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Definitions:

Each Other

Refers to a reciprocal relationship or action involving two or more parties.

Species Being

A concept in Marxist theory referring to the inherent nature of human beings to engage in creative and productive work in a way that distinguishes them from other species.

Unique Potentials

The distinct and individual capabilities or talents every person has, which can be nurtured and developed to achieve personal growth and fulfillment.

Other Animals

A term used to emphasize the distinction or relational view between humans and non-human animals, often in discussions of ethics or rights.