All of the following are additions to net income when preparing the statement of cash...

50.1K

Verified Solution

Question

Accounting

All of the following are additions to net income when preparing the statement of cash flows under the indirect method except:

Multiple Choice

  • a. losses on sales of long-term assets.

  • b. decrease in accounts payable.

  • c. decrease in prepaid insurance.

  • d. decrease in accounts receivable.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students