Which of the following adjustments to net income is needed to obtain cash flows? a. Elimination of
Question:
Which of the following adjustments to net income is needed to obtain cash flows?
a. Elimination of gains on sale of equipment
b. Add to net income all noncash expenses (e.g., depreciation and amortization)
c. Add to net income any increases in current liabilities
d. Deduct from net income any increases in inventories
e. All of the above
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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