Which of the Following Is Not an Adjustment When Arriving

question 107

Multiple Choice

Which of the following is not an adjustment when arriving at net cash provided byflow from operating activities under the indirect method?

• A) Noncash expenses such as depreciation expense
• B) Gains and losses on the sale of long-term assets
• C) Changes in a company's long-term assets
• D) Changes in noncash current asset and current liability accounts

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Definitions:

Mental Health Care

The provision of services aimed at promoting psychological well-being and treating mental disorders.

Long-term Care

A variety of services designed to meet a person's health or personal care needs over a long period of time.

Independence

The state or condition of being free from dependency on others or external control.

Ethnic Minority Groups

Social groups that are differentiated from the dominant groups in a society based on cultural, national, religious, linguistic, or racial characteristics.