Under the Indirect Approach,adjustments Must Be Made to Net Income

question 58

Multiple Choice

Under the indirect approach,adjustments must be made to net income in the operations section for all of the following items,except

• A)depreciation.
• B)gain on the sale of equipment.
• C)loss on the sale of land.
• D)proceeds for the issuance of preferred shares.

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Definitions:

Little Brain

A colloquial term for the cerebellum, a region of the brain that plays important roles in motor control and cognitive functions.

Brainstem

The lower part of the brain that connects the cerebrum with the spinal cord, responsible for controlling vital life functions such as breathing and heartbeat.

MRI Scans

Non-invasive imaging technology that produces three dimensional detailed anatomical images using a large magnet, radio waves, and a computer to diagnose issues within the body.

Enlarged Ventricles

A condition where the ventricles of the heart or brain are increased in size, which can affect their function and is often a sign of an underlying condition.