Multiple Choice
When preparing the statement of cash flows using the indirect method, which statement is NOT true?
A) Depreciation expense is added to net income.
B) Gains on the sale of long-term assets are subtracted from net income.
C) Losses on the sale of long-term assets are subtracted from net income.
D) Increases in current liabilities are added to net income.
Correct Answer:
Verified
Correct Answer:
Verified
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