When Using the Indirect Method for Preparing the Statement of Cash

question 100

Multiple Choice

When using the indirect method for preparing the statement of cash flows, all of the following will appear in the operating activities section except:

• A) Increase in deferred tax.
• B) Depreciation expense on leased assets.
• C) Interest expense.
• D) An increase in long-term liabilities.

Execute basic mathematical operations and conversions involving decimals, fractions, and percentages.

Apply the principles of basic algebra to solve finance-related problems.

Analyze the structure of graduated tax and commission systems.

Utilize financial formulas to calculate future and present values of investments.

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