Which of the Following Items Is Subtracted from Net Income

question 154

Multiple Choice

Which of the following items is subtracted from net income when using the indirect method of calculating cash flows provided by operating activities?

• A)A gain on the sale of equipment
• B)Repayment of notes payable
• C)Receipt of cash dividends
• D)Declaration of cash dividends

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Definitions:

Vertebral Column

The flexible, bony structure forming the backbone or spine in humans and other vertebrates, comprised of individual vertebrae, providing support and protection to the spinal cord.

Anterior Side

The front or forward-facing part of the body or any anatomical structure.

Posterior Portion

The rear part of something, often referring to the back side of the body or an organ.

Vertebral Foramen

The vertebral foramen is the central canal within each vertebra of the spine through which the spinal cord passes.