For the fiscal year that just ended, a firm had total depreciation expense of $25,000. When compiling
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For the fiscal year that just ended, a firm had total depreciation expense of $25,000. When compiling the firm's statement of cash flows for the year, this amount is Select answer from the options below added back to the firm's net income as it represents an expense that did not require the use of cash. subtracted from the firm's net income as it represents cash that did not actually flow into the firm. not added to or subtracted from the firm's net income because it represents neither a cash inflow nor a cash outflow. subtracted from the firm's total asset amount because it represents a cash outflow.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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