Consider the following independent events a Loss on sale of an asset b Decrease in accounts receivable c Increase in prepaid insurance d Depreciation expense e Decrease in accounts payable f Uncollectible accounts expense g Increase in wages payable h Decrease in inventory i Amortization of an inta...

a Added to Loss on sale of an asset b Added to Decrease in accounts receivabl ...

Consider the following independent events: a. Loss on sale of an asset b. Decrease in accounts receivable

Question:

Consider the following independent events:
a. Loss on sale of an asset
b. Decrease in Increase in prepaid insurance
d. Depreciation expense
e. Decrease in Uncollectible accounts expense
g. Increase in wages payable
h. Decrease in inventory
i. Amortization of an intangible asset
Required:
Indicate whether each event will be added to or deducted from net income in order to compute cash flow from operations.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...