The Recognition of Depletion Expense

question 126

Multiple Choice

The recognition of depletion expense:

• A) decreases assets and stockholders' equity and decreases cash flow from investing expenses under the direct approach.
• B) decreases cash flow from operating activities, and does not affect the amount of total assets.
• C) increases assets, stockholders' equity, and cash flow from operating activities.
• D) decreases assets and stockholders' equity, and does not affect cash flow.

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