Question: In using the indirect method to prepare the statement of cash flows, which of the following is not an adjustment when using the accrual basis

In using the indirect method to prepare the statement of

cash flows, which of the following is not an adjustment when using the accrual

basis net income to derive the net cash flow from operating

activities?

a.

cash

b.

c.

d.

I think that the answer is b.) Subtract depreciation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!