Which of the Following Is Deducted from Net Income as an Adjustment

question 107

Multiple Choice

Which of the following is deducted from net income as an adjustment under the indirect method of preparing the statement of cash flows?

• A)Salaries payable decrease.
• B)Inventory decrease.
• C)Depreciation expense.
• D)Accounts receivable decrease.

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Definitions:

Stockbroker

A professional who buys and sells stocks and other securities through market exchanges on behalf of investors, typically in exchange for a fee or commission.

Service

Activities or processes that provide value to customers or beneficiaries, often intangible, and aimed at meeting their needs or solving problems.

Service Technology

Technologies and systems designed to improve and support the delivery, management, and quality of services.

Passenger

An individual who travels in a vehicle, such as a car, bus, train, or airplane, typically without participating in its operation.