When Using the Indirect Method,the Calculation of Cash Flows Provided

question 83

Essay

When using the indirect method,the calculation of cash flows provided by operating activities begins with net income.
Required:
Indicate whether the following items are added or deducted from net income to arrive at cash flow from operating activities.

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Definitions:

Fraud

Fraud is a deliberate deception practiced to secure unfair or unlawful gain, often at the expense of others.

Credit Card Fraud Act

Legislation that defines credit card fraud and establishes related penalties for such crimes.

Criminal Penalties

Sanctions or punishments imposed by law for committing a criminal offense, such as fines or imprisonment.

Rescind

To revoke, cancel, or repeal a law, order, or agreement.