Depreciation expense is:
A) added to the investing activities on a statement of cash flows.
B) subtracted from the investing activities on a statement of cash flows.
C) added to net income on a statement of cash flows, since it decreases net income but does not involve an outflow of cash.
D) subtracted from net income on a statement of cash flows, since it decreases net income but does not involve an outflow of cash.
Correct Answer:
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