Question: When using the indirect method to determine operating cash flows, how is depreciation expense recorded on the statement of cash flows? a. a financing activity
When using the indirect method to determine operating cash flows, how is depreciation expense recorded on the statement of cash flows?
a. a financing activity
b. an investing activity
c. a noncash investing and financing activity
d. not reported on the statement of cash flows
e. an operating activity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
