All of the Following May Appear as an Adjustment of Net

question 83

Multiple Choice

All of the following may appear as an adjustment of net income when preparing the statement of cash flows using the indirect method EXCEPT:

• A)payment of cash dividends.
• B)depreciation expense.
• C)loss on sale of long-term assets.
• D)an increase in accounts payable.

---

Definitions:

Trade Secret

Proprietary data that gives a company a market advantage and is actively protected to keep it secret.

Anton Piller Order

A court order that allows the plaintiff to search the premises of the defendant and seize evidence without prior warning, usually in cases involving intellectual property infringement.

Copyright

Legal right granted to the creator of original works of authorship, including literary, dramatic, musical, and certain other intellectual works, providing exclusive rights to use and distribute.

Trademark Act

Legislation that governs the registration, protection, and enforcement of trademarks to prevent infringement and unfair competition.