The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations depends on the nature of its operations. _____ will likely show a substantial addback to net income for depreciation expense, whereas _____will show a smaller amount

a. Service firms; firms that decrease in size
b. Service firms; firms that increase in size
c. Firms that decrease in size; firms that increase in size
d. Service firms; capital-intensive firms
e. Capital-intensive firms; service firms


E

Business

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