Under the indirect method, a loss on the sale of equipment should be:
A. a source of funds in the financing activities.
B. a source of funds in the investing activities.
C. added back to net income to arrive at cash flow from operating activities.
D. subtracted from net income to arrive at cash flow from operating activities.
Answer: C
You might also like to view...
Information integrity comprises rules that help ensure the quality of information.
Answer the following statement true (T) or false (F)
You work for a construction firm that is submitting a bid for the construction of a new company headquarters building for Smithco. A friend you have known since high school works in Smithco's capital budgeting area and has full knowledge of all the bids from all firms. It would be unethical for your friend to share that information with you before you submitted your bid
Indicate whether the statement is true or false
____, short for wireless fidelity, is a popular wireless networking standard that connects computers to other computers, computer networks, and the Internet.
A. W. F. B. Wi-Fi C. Why Fi D. Wire-Fire
A dimensional model cannot be based on a single source
Indicate whether the statement is true or false