Question: 7) The indirect method reporting cash flows from operations (CFFO) a) In general, what is the gist of the indirect method? The indirect method is

7) The indirect method reporting cash flows from operations (CFFO) a)

7) The indirect method reporting cash flows from operations (CFFO) a) In general, what is the gist of the indirect method? The indirect method is when net cash increase or decrease from operating activities would be derived indirectly by starting with reported net income and working backwards to convert that amount to a cash basis. b) How does depreciation impact the computation of CFFO? Why? c) How does a gain on the sale of land impact the computation of CFFO? Why? d) How does a loss on the sale of land impact the computation of CFFO? Why? e) How does amortization of a bond discount impact the computation of CFFO? Why? 0 How do changes in accounts receivable impact the computation of CFFO? Why? 9) How do changes in accounts payable impact the computation of CFFO? Why

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