Which of the Following Is NOT Added to Net Income

question 57

Multiple Choice

Which of the following is NOT added to net income as an adjustment to reconcile net income to cash from operating activities on the statement of cash flows?

• A) Increase in an accrued liability
• B) Amortization of discount on bond payable
• C) Loss on sale of operational asset
• D) Increase in deferred tax asset

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Definitions:

Social Security Number

A unique nine-digit number assigned to U.S. citizens, permanent residents, and temporary working residents that is used for tracking individuals for social security and taxation purposes.

Age

The length of time that a person or entity has been alive or existed.

Statistics Class

An academic course focused on the study of collecting, analyzing, interpreting, presenting, and organizing data.

Birth Year

The calendar year in which a person was born, used as an identifying measure in demographic studies.