Given the Items Below,which of the Following Is an Addition

question 140

Multiple Choice

Given the items below,which of the following is an addition to net income to arrive at operating cash flows using the indirect method? I.Loss on sale of assets
II) Increase in Supplies
III) Increase in Accounts Payable
IV) Increase in Accounts Receivable

• A)I.and III.
• B)I.only.
• C)III.and IV.

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Civil Litigation

The legal process of resolving disputes between individuals or entities in civil courts, involving non-criminal matters.

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A term describing resolutions or agreements made without formal legal proceedings or a trial.

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Legal actions brought in court, typically by one party against another, to enforce or defend a legal right or claim.

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The court’s final decision regarding the rights and claims of the parties to a lawsuit.