When computing net cash fl ow from operating activities using the indirect method, an addition to net
Question:
When computing net cash fl ow from operating activities using the indirect method, an addition to net income is most likely to occur when there is a:
A . gain on the sale of an asset.
B . loss on the retirement of debt.
C . decrease in a deferred tax liability.
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Step by Step Answer:
B is correct An addition to net income is made ...View the full answer
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Related Book For 
International Financial Statement Analysis Workbook
ISBN: 9781119628095
4th Edition
Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie
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