Under the Indirect Method,which of the Following Items Would Be

question 27

Multiple Choice

Under the indirect method,which of the following items would be added to net income to determine the cash flow from operating activities?

• A)Gain on the sale of equipment
• B)Depreciation expense
• C)Accrued interest receivable
• D)Decrease in the balance of accounts payable

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Definitions:

Specified Time

A clearly defined or established period within which something is supposed to happen or be completed.

Confidential

Information, documents, or communications that are intended to be kept secret or private, often due to their sensitive nature.

Unique Business Methods

Innovative strategies or approaches adopted by a business to create value, stand out in the marketplace, and achieve competitive advantage.

Customer Lists

Customer lists are valuable business assets that include information about customers such as names, contacts, and buying history, often considered confidential.