When Using the Indirect Method to Calculate and Report the Net

Multiple Choice

When using the indirect method to calculate and report the net cash provided or used by operating activities, net income is adjusted for all but which of the following?

A) Depreciation and amortization expense.
B) Changes in current liabilities related to operating activities.
C) Gains and losses from nonoperating items.
D) Revenues and expenses that did not provide or use cash.
E) Changes in noncurrent assets and noncurrent liabilities.