Mackenzie Cater

$\frac{05}{06}\frac{?}{259}\%$

$3$ of $34$

This test: $100$ point$($s$)$ possible

This question: $2$ point$($s$)$ possible

When preparing the statement of cash flows using the indirect method, which statement is INCORRECT?

A$.$ Losses on the sale of long$-$term assets are subtracted from net income.

B$.$ Increases in current liabilities are added to net income.

C$.$ Depreciation expense is added to net income.

$.$ Gains on the sale of long $-$ term assets are subtracted from net income.