Question: Consider the following items: ( a ) Decrease in accounts receivable ( f ) Gain on the sale of equipment ( b ) Issuance of
Consider the following items:
a Decrease in accounts receivable
f Gain on the sale of equipment
b Issuance of common stock
g Depreciation expense
c Increase in interest receivable
h Payment of dividends
d Purchase of land
i Decrease in utilities payable
e Decrease in accounts payable
j Increase in inventory
How many of these items would be subtractedfrom net income when using the indirect method to prepare the operating activities section of the statement of cash flows?
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