When Using the Indirect Method to Calculate and Report the Net

question 168

Multiple Choice

When using the indirect method to calculate and report the net cash provided or used by operating activities,net income is adjusted for all but which of the following?

• A)Gains and losses from nonoperating items.
• B)Revenues and expenses that did not provide or use cash.
• C)Changes in noncurrent assets and noncurrent liabilities.
• D)Changes in current liabilities related to operating activities.
• E)Depreciation and amortization expense.

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Definitions:

Ethical Climates

The prevailing perceptions of the typical practices and procedures that reflect the ethical standards of an organization.

Full-Swing

Operating at the highest or most active level of performance or activity.

Leadership

The act of guiding or directing a group towards a goal by inspiring individuals, setting clear objectives, and building a supportive and collaborative environment.

Field-Science

The branch of science dedicated to the study of natural processes and phenomena directly in their natural settings.