Question: Using the indirect method of presenting net cash flow from operating activities, depreciation expense is added to net income because A. it represents a cash

Using the indirect method of presenting net cash flow from operating activities, depreciation expense is added to net income because

A. it represents a cash inflow from the firms operating activities.

B. it is a non-cash expense that was deducted in determining net income.

C. it is similar to other operating expenses that are paid in cash during the period.

D. it does not represent one of the firms operating expenses.

E. None of the above.

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