Which of the Following Items Would Be Deducted from Net

question 40

Multiple Choice

Which of the following items would be deducted from net income to determine net cash provided by operating activities using the direct method?

• A) loss on sale of plant assets and amortization of bond payable discount
• B) amortization of bond payable premium and gain on sale of equipment
• C) amortization expense and gain on sale of equipment
• D) None of these choices

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