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Under the Indirect Approach,in Preparing the Cash from Operations Section

Question 57

Multiple Choice

Under the indirect approach,in preparing the cash from operations section of the Statement of Cash Flows,depreciation is added to net income because

A) it is not a cash expense.
B) it is a cash outflow.
C) it is a source of cash.
D) it is not an allowable expense in determining net income.

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