Chic Chalk company has charged a depreciation of $500,120 for one of its equipment, on its income statement. The company is planning for an increase in this depreciation. On the financial statements of Chic Chalk this will a. Decrease net cash flow from operations on the cash flow statement. b. Not impact the cash flow statement c. Increase in net cash flow from operations on the cash flow statement. d. No impact the Income statement

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Chic Chalk company has charged a depreciation of $500,120 for one of its equipment, on
its income statement. The company is planning for an increase in this depreciation. On the
financial statements of Chic Chalk this will
a. Decrease net cash flow from operations on the cash flow statement.
b. Not impact the cash flow statement
c. Increase in net cash flow from operations on the cash flow statement.
d. No impact the Income statement
Transcribed Image Text:Chic Chalk company has charged a depreciation of $500,120 for one of its equipment, on its income statement. The company is planning for an increase in this depreciation. On the financial statements of Chic Chalk this will a. Decrease net cash flow from operations on the cash flow statement. b. Not impact the cash flow statement c. Increase in net cash flow from operations on the cash flow statement. d. No impact the Income statement
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