Under the indirect method of preparing the statement of cash flows,addbacks to net income include all of the following except:
A) depreciation expense
B) deferred tax expense
C) asset write-downs
D) share-based compensation

Question

Quizplus · Accepted Answer

Asset write-downs are not added back to net income under the indirect method of preparing the statement of cash flows.

Under the Indirect Method of Preparing the Statement of Cash