If a company uses the indirect method to determine cash flows from operating activities, gains:

A. and losses must be added to net income.
B. and losses must be subtracted from net income.
C. must be added to net income and losses subtracted from net income.
D. must be subtracted from net income and losses added to net income.


Answer: D

Business

You might also like to view...

How can multimedia aids make your presentation better? What is one caution you should consider when using multimedia aids?

What will be an ideal response?

Business

The major source of law that governs contracts is:

A) common law. B) legal dictionaries. C) civil law. D) restatement of law.

Business

The journal entry to replenish a petty cash fund includes a debit to the Petty Cash account and a credit to the Expense account

Indicate whether the statement is true or false

Business

Almost 40 percent of ________ could be achieved at negative marginal costs, meaning that investing in these options would generate positive economic returns over their life cycle

A) greenhouse gas abatement B) fuel consumption initiatives C) increased customer base D) improved company reputation

Business