When using the indirect method to calculate and report the net cash provided or used by operating activities, net income is adjusted for all but which of the following?
A. Depreciation and amortization expense.
B. Changes in noncurrent assets and noncurrent liabilities.
C. Changes in current liabilities related to operating activities.
D. Revenues and expenses that did not provide or use cash.
E. Gains and losses from nonoperating items.
Answer: B
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