Question: Please write out the full answer to the question in the picture. Question 7/8 1 point Suppose we are looking at a cash flow statement
Question 7/8 1 point Suppose we are looking at a cash flow statement constructed using the INDIRECT method. We see a positive adjustment in the operating section of $1000 for Depreciation. Which of the following are correct interpretations of this? (Check all that apply) Inco Income was lower by $1000 because of Depreciation expense Depreciation provided cash of $1000 The firm sold long-term assets for $1000 The firm invested $1000 of cash in long-term assets NEXT
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