Question: Kimberly Co. uses the indirect method when preparing the operating activities section of its statement of cash flows. Which of the following is not an

Kimberly Co. uses the indirect method when preparing the operating activities section of its statement of cash flows. Which of the following is not an adjustment that would be made using the indirect method?

Multiple Choice

  • An addition for patent amortization.

  • An addition for a gain on sale of equipment.

  • An addition for bond discount amortization.

  • An addition for depreciation expense.

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