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Given the items below,which of the following is a subtraction from net income to arrive at Operating Cash Flows using the indirect method?
I. Loss on sale of assets
II. Increase in Supplies
III. Increase in Accounts Payable
IV. Depreciation expense
Refurbishing Materials
Materials used in the process of cleaning, repairing, and updating an item to bring it back to a like-new condition, often in electronics and furniture.
Containers Refurbished
Involves repairing, cleaning, and updating used containers to extend their useful life or repurpose them for other uses.
Spending Variance
The difference between the actual cost incurred for an item and its planned or budgeted cost, indicating how well a company manages its expenses.
Budgeting
The method of crafting a budget that details your planned income and expenditures for a certain time frame.
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