0 LIKES LikeUnLike
1. Which one of the following is added to income in determining cash flow from operations?a. increase in inventoryb. decrease in wages payablec. loss from sale of landd. gain from selling treasury stock above its original cost2. An increase in inventory is reported in a statement of cash flows using the indirect method as a(n) a. addition to net income in arriving at net cash flows from operating activities b. deduction from net income in arriving at net cash flows from operating activities c. cash outflow from investing activitiese. cash outflow from financing activities3. A company uses the direct method of preparing the statement of cash flows. Current year depreciation expense can be found on thea. balance sheet and income statementb. income statement and statement of cash flowsc. statement of cash flows and balance sheetd. income statements onlye. statement of cash flows only
Tags:
Report (0) (0) | earlier
Latest activity: earlier. This question has 2 answers.