Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cash flows from operating activities-indirect meth

Cash flows from operating activities-indirect method | In the computation of net cash flows from...

90.2K

Verified Solution

Question

Accounting

image

Cash flows from operating activities-indirect method | In the computation of net cash flows from operating activities for 2018 by the indirect method, determine whether each of the following items would be added to net income, deducted from net income, or omitted from the computation. Indicate your answer by using the following symbols: + (added to net income), - (deducted from net income), or O (omitted from computation). (a) A decrease in accounts payable to suppliers of merchandise during 2018. (b) A loss recognized on the sale of office equipment during 2018. (c) Depreciation expense for 2018. (d) Dividends, declared at the end of last year, paid to shareholders during the current year. (e) An increase in inventory levels during 2018. (f) A decrease in accounts receivable from customers during 2018

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students