Which of the Following Should Be Deducted from Net Income

question 13

Multiple Choice

Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?

• A) depreciation expense
• B) gain on sale of land
• C) a loss on the sale of equipment
• D) dividends declared and paid

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Definitions:

True to the Game

A phrase implying authenticity and commitment to the core values of a specific culture, activity, or field, often used in the context of music, sports, or personal beliefs.

Ice Cube

An American rapper, actor, and filmmaker known for his influential role in the development of gangsta rap and his contributions to the hip-hop industry.

Gender Roles

Cultural and societal norms dictating the behaviors, activities, expectations, and opportunities appropriate for men and women based on their gender.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.