Which of the Following Would Require an Adjustment in the Computation

question 12

Multiple Choice

Which of the following would require an adjustment in the computation of cash flow from operations using the indirect method?
I. Depreciation expense
II. Loss on sale of asset
III. Sale of services to costumers for cash
IV. Utility bill received and paid in cash

• A) I
• B) I and II
• C) I and III
• D) IV

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Definitions:

Conscious Activity

Actions or tasks performed while one is aware of their surroundings, thoughts, and feelings.

Observable Behavior

Actions or reactions of an organism, typically in response to external stimuli, that can be seen and measured directly.

Mental Processes

Internal cognitive functions that are involved in perceiving, thinking, understanding, and deciding.

Wilhelm Wundt

Wilhelm Wundt, often regarded as the father of modern psychology, was a German psychologist who established the first psychological laboratory in Leipzig, Germany, where he focused on the study of consciousness through introspection.