Which one of the following is added to net income when using the indirect method to determine cash flows from operations?

Question

Quizplus · Accepted Answer

When using the indirect method to determine cash flows from operations, non-cash expenses such as a loss from the sale of land are added back to net income. This is because the loss would have reduced net income, but it did not involve an outflow of cash during the period.

Which One of the Following Is Added to Net Income