A company's income statement reports depreciation expenses of $25,000.How will the depreciation expense be reported on the statement of cash flows if the company uses the direct method to prepare the statement?
A) Depreciation would not be reported on the statement of cash flows.
B) Depreciation expense would be an addition under financing activities.
C) Depreciation expense would be a deduction under operating activities.
D) Depreciation expense would be an addition under investing activities.
Correct Answer:
Verified
Q106: The balance sheet for Maleenah Corporation
Q107: The only part that differs in
Q108: A company uses the direct method
Q109: When a company uses the direct
Q110: When a company uses the direct
Q112: Rabin Corporation had the following
Q113: Under the direct method of preparing
Q114: When a company uses the direct
Q115: A company uses the direct method
Q116: When a company uses the direct
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