Which of the following would trigger a subtraction in the indirect operating section? A. decrease in accounts receivable B. gain on sale of investments C. depreciation expense

Technically, offsetting in financial statements is accomplished when a. Gains or losses from disposal of non-current assets are reported by deducting from the proceeds the carrying amount of the assets and the related selling expenses. b. The accumulated depreciation is deducted from property, plant and equipment. c. The allowance for bad debts is deducted from accounts receivable. d. The total liabilities are deducted from total assets to arrive at net assets

What effect does the recognition of depreciation expense have on total assets? On total stockholders' equity?

The cost of new non-current assets is a cash payment not an expense in the statement of profit or loss?     True       False