Question Details

Which of the following would not be an adjustment 




	1.	Each of the following is added to net income in computing net cash provided by operating activities except
a.	amortization expense.
b.	an increase in accrued expenses payable.
c.	a gain on sale of equipment.
d.	a decrease in inventory.

	2.	Which of the following would be subtracted from net income using the indirect method?
a.	Depreciation expense
b.	An increase in accounts receivable
c.	An increase in accounts payable
d.	A decrease in prepaid expenses

	3.	Which of the following would be added to net income using the indirect method?
a.	An increase in accounts receivable
b.	An increase in prepaid expenses
c.	Depreciation expense
d.	A decrease in accounts payable

	4.	Which of the following would not be an adjustment to net income using the indirect method?
a.	Depreciation Expense
b.	An increase in Prepaid Insurance
c.	Amortization Expense
d.	An increase in Land

	5.	In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a(n)
a.	subtraction from net income.
b.	addition to net income.
c.	addition to cash flow from investing activities.
d.	subtraction from cash flow from investing activities.





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