When preparing the operating activities section of a statement of cash flows using the indirect method, various adjustments are needed.Which of the following adjustments is incorrectly stated?
A) Deduct any increases in inventories from net income.
B) Deduct any decreases in non-cash current liabilities from net income.
C) Add depreciation and amortization expense to net income.
D) Add any gain on the sale of equipment.
Correct Answer:
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