Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?   a. a loss on the sale of equipment   b. gain on sale of land   c. depreciation expense   d. dividends declared and paid

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 5EA: What adjustment(s) should be made to reconcile net income to net cash flows from operating...
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Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
  a.
a loss on the sale of equipment
  b.
gain on sale of land
  c.
depreciation expense
  d.
dividends declared and paid
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