Which of the Following Is an Adjustment That Would Need

question 77

Multiple Choice

Which of the following is an adjustment that would need to be made to net income when calculating cash flows from operations under the indirect method?

• A) Subtract amortization expense
• B) subtract gain on sale of subsidiary
• C) add an increase in accounts receivable
• D) add a decrease in accounts payable

Identify factors that influence attribution, including perspective and cultural background.

Understand the impact of attitudes and beliefs on behavior and decision-making.

Explain the role of role playing, compliance, and persuasion in shaping behavior.

Recognize the importance of considering contextual factors in behavior explanation.

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Definitions:

Attract Capital

Strategies or actions taken by businesses to draw in investment funds from outside sources.

Fiduciary Duty

An obligation to act in the best interest of another party, such as a trustee for a beneficiary, including acting with loyalty and care.

Partnership

A business organization in which two or more individuals manage and operate the business in accordance with the terms and objectives set out in a Partnership Agreement.

Limited Liability Company

A Limited Liability Company (LLC) is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.