Which of the Following Items Would Be Subtracted from Net

question 60

Multiple Choice

Which of the following items would be subtracted from net income when using the indirect method of calculating cash flows provided by operating activities?

• A)A decrease in accounts receivable
• B)Depreciation expense
• C)A decrease in salaries payable
• D)A loss on the sale of equipment

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Definitions:

Organizational Goals

These are predetermined objectives that a company or organization sets to guide its operations and strategic planning, aiming for long-term success and sustainability.

Friendship Groups

Informal social groups formed among colleagues, classmates, or neighbors based on mutual interests, support, and camaraderie.

Task Groups

Collections of individuals brought together to accomplish a specific job, project, or assignment within a limited timeframe.

Formal Groups

Collections of individuals brought together within an organization to achieve specific goals with defined roles and structures.