In preparing the statement of cash flows by the indirect method,noncash revenues and gains are added to net income.

Name: In preparing the statement of cash flows by the indirect method,noncash revenues and gains are added to net income.
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In preparing the statement of cash flows by the indirect method, noncash revenues and gains are not added to net income; instead, noncash expenses and losses are added back to net income, and noncash revenues and gains are deducted.

In Preparing the Statement of Cash Flows by the Indirect