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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 21
Which of the following adjustments to net income is needed to obtain cash flows?
A) Eliminate gains on sale of equipment.
B) Deduct from net income all noncash expenses (e.g., depreciation and amortization).
C) Deduct from net income any increases in current liabilities.
D) Add to net income any increases in inventories.
E) All of the above.
A) Eliminate gains on sale of equipment.
B) Deduct from net income all noncash expenses (e.g., depreciation and amortization).
C) Deduct from net income any increases in current liabilities.
D) Add to net income any increases in inventories.
E) All of the above.
Explanation
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Because, all the given options are neede...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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