If a company uses the indirect method to prepare the statement of cash flows, how will depreciation be presented on the statement?
A) Depreciation expense will be added to net income in the financing activities section.
B) Depreciation expense will be subtracted from net income in the operating section.
C) Depreciation expense will be added to net income in the investing activities section.
D) Depreciation expense will be added to net income in the operating activities section.
Correct Answer:
Verified
Q93: A company uses the indirect method to
Q94: A company uses the indirect method to
Q96: If a company uses the indirect method
Q97: If a company uses the indirect method
Q102: All of the following would be done
Q103: A company uses the indirect method to
Q117: On a cash flow statement prepared using
Q119: The _ is needed to prepare the
Q126: A company reported beginning plant assets,net of
Q158: A company purchases land using its common
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents