When Preparing the Statement of Cash Flows by the Indirect

question 98

True/False

When preparing the statement of cash flows by the indirect method,it is necessary to adjust for non-cash expenses such as depreciation expense.

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Definitions:

IT Department

A division within a company or organization that is responsible for managing information technology and computer systems.

Traditional SDLC

The Standard Software Development Life Cycle, a systematic process used for the planning, creation, testing, and deployment of software applications.

Outsourcing

The practice of hiring third parties to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Offshoring

The practice of relocating a company's business process, such as manufacturing or services, to another country, often to reduce costs.