Determining net income from net cash flows from operating activities the "Cash flows from...
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Accounting
Determining net income from net cash flows from operating activities
the "Cash flows from used for operating activities" section of the statement of cash flows, using the indirect method:
a Determine the net income reported by Curwen Inc. for the year ended December
b Curwen's net income is different than net cash flows from operating activities. Which of the following could possibly be the reason for such difference?
a Because depreciation expense which has no effect on cash flows from operating activities.
b Changes in current operating assets and liabilities that are added or deducted.
c Changes in fixed assets and liabilities that are added or deducted.
d Gain from sales of investment is included in net income while the sales proceeds are added in operating activities of cash flow statements.
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