B MC Qu. 11-92 (Static) Consider the following items: (a) Decrease in... Consider the following items: a) Decrease in accounts receivable b) Issuance of common stock C) Increase in interest receivable d) Purchase of land e) Decrease in accounts payable F) Gain on the sale of equipment ) Depreciation expense m) Payment of dividends ) Decrease in utilities payable ) Increase in inventory How many of these items would be added to net income when using the indirect method to prepare the operating activities section of the statement of cash flows? Multiple Choice 2 4 1 3
B MC Qu. 11-92 (Static) Consider the following items: (a) Decrease in... Consider the following items: a) Decrease in accounts receivable b) Issuance of common stock C) Increase in interest receivable d) Purchase of land e) Decrease in accounts payable F) Gain on the sale of equipment ) Depreciation expense m) Payment of dividends ) Decrease in utilities payable ) Increase in inventory How many of these items would be added to net income when using the indirect method to prepare the operating activities section of the statement of cash flows? Multiple Choice 2 4 1 3
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 11MC: Which of the following would trigger a subtraction in the indirect operating section? A. gain on...
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