When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted from net income to compute cash provided by/used by operating activities?
A) Decrease in accounts receivable.
B) Gain on sale of land.
C) Amortization of patent.
D) All of these answer choices are deducted from net income to arrive at cash flow from operating activities.
Correct Answer:
Verified
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