Question: When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income

When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by

/

used by operating activities?

Question

1

options:

Gain on sale of land.

Increase in accounts receivable.

Decrease in accounts payable.

Decrease in accounts receivable.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided/used by operating activities? a....

not an adjustment to reconcile het A) A change in income taxes payable B) A change in interest payable C) A change in dividends payable D) All of these are adjustments. 20. When using the indirect...

When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by/used by operating activities?...

plz help with both QUESTION 21 When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by...

Napier Co. provided the following information on selected transactions during 2011: The net cash provided (used) by investing activities during 2011 is a. $50,000 b. $(300,000) c. (50,000). d. $(1,...

statement transactions that were originally reported on a cash basis and projecting this amount to the entire array of income statement transactions. Question 5 (1 point) When using the indirect...

QUESTION 9 When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted from net income to compute cash provided by used by...

When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted from net income to compute cash provided by used by operating...

If all else is held equal, a decrease in the current ratio of a company is generally considered to be: 1) an indication that current liabilities have decreased 2) an indication that the company will...

A company is considering two alternatives to manufacture a particular part. Method R will have an initial cost of $40,000, annual operating costs of $25,000, and a salvage value of $10,000 after five...

At this point, you need to make more specific decisions about managing the marketing intermediaries for Sonics first product. Formulate your ideas by answering the following questions. What types of...

Exercise Chapter 3 SDJ , Incorporated, has net working capital of $ 2 , 9 4 5 , current liabilities of $ 5 , 7 3 0 , and inventory of $ 3 , 7 2 0 . ( Show your calculation ) a . What is the current...

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...