1. Which of the following would be added to net income using the indirect method?...
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Accounting
1. Which of the following would be added to net income using the indirect method?
a. An increase in prepaid expenses.
b. Depreciation expense.
c. A decrease in accounts payable.
d. An increase in accounts receivable.
2. T/F Using the indirect method, an increase in accounts receivable during a period is deducted from net income in calculating cash provided by operations.
3. T/F A loss on sale of equipment is added to net income in determining cash provided by operations under the indirect method.
4.T/F In preparing a statement of cash flows, increases in the Common Stock and Treasury Stock accounts during a period would be investing activities
5. T/F Free cash flow equals cash provided by operations less capital expenditures and cash dividends.
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