On a statement of cash flows prepared with the indirect method, adjustments to reconcile net income to net cash provided by operating activities do NOT include:
A) gain on sale of equipment.
B) patent amortization expense.
C) depletion expense.
D) changes in all of the current assets.
D
Explanation: D) The change in the Cash account is not used in the calculation of Net Cash Provided by Operating Activities. Cash is a current asset.
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On March 1, 2016, Emerson Services issued a 4% long-term notes payable for $16,000
It is payable over a 4-year term in $4,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2017. Each yearly installment will include both principal repayment of $4,000 and interest payment for the preceding one-year period. On March 1, 2017, ________. The accounting period ends on December 31. A) Emerson must accrue $4,000 of Interest Expense B) Emerson must accrue the coming $4,000 as the current portion of principal payment C) Emerson must pay $640 of interest to the note holder D) Emerson will receive $4,000 as an installment payment
Which of the following would be seen as one of the strategic system changes Tichy proposes?
a. the values and beliefs shared by members b. the organization's politics c. the engineering processes d. all of the above e. none of the above