Which of the following would NOT be done when calculating the change in cash from operating activities under the indirect method?

Question

Quizplus · Accepted Answer

When calculating the change in cash from operating activities under the indirect method, items that are added include decrease in accounts receivable, increase in accrued interest payable, and decrease in merchandise inventory. Items that are deducted include an increase in accounts payable and an increase in accrued expenses payable. The purchase of equipment is not included in the calculation of the change in cash from operating activities under the indirect method.

Which of the Following Would NOT Be Done When Calculating