Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method:
Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method:
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 4E
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Question
Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method:
a. Decrease in inventory | |
b. Increase in accounts receivable | |
c. Increase in accounts payable | |
d. Loss on retirement of long-term debt | |
e. |
|
f. Decrease in notes receivable due in 60 days from customers | |
g. Increase in salaries payable | |
h. Decrease in prepaid expenses | |
i. Amortization of patent | |
j. Increase in notes payable due in 120 days to vendors | |
k. Gain on disposal of fixed assets |
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