When Using the Indirect Method to Prepare the Statement of Cash

question 23

Multiple Choice

When using the indirect method to prepare the statement of cash flows, an increase in noncash current assets is

• A)subtracted from current liabilities in the cash flows from financing activities section.
• B)subtracted from net income in the cash flows from operating activities section.
• C)added to net income in the cash flows from operating activities section.
• D)added to equipment purchases in the cash flows from investing activities section.

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Definitions:

Sex Drive

The natural human interest or desire for sexual activity.

Inhibition

The process of restraining or slowing down a process, response, or action, often referring to neural or psychological processes.

Gender Dysphoria

A condition where there is a significant discrepancy between an individual’s expressed/experienced gender and the gender others would assign them, often leading to distress.

Transgender

A term for individuals whose gender identity or gender expression differs from the sex they were assigned at birth.