In Determining the Cash Flows from Operating Activities for the Statement

question 126

True/False

In determining the cash flows from operating activities for the statement of cash flows by the indirect method, the depreciation expense for the period is added to the net income for the period.

---

Definitions:

Industrial Market

The sector of the economy in which businesses sell products or services to other businesses for production, not directly to consumers.

Resellers

are businesses or individuals that purchases goods for the purpose of selling them again rather than using them.

Organizational Markets

Markets composed of businesses and other organizations that buy goods and services for use in their operations or in the production of other goods and services.

Amazon.com

An American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.