Multiple Choice
In applying the indirect method,depreciation expense is ________.
A) added to net income because it does not require a payment of cash
B) subtracted from net income because it is a non-cash expense
C) subtracted from cash from operating activities because it is a non-cash expense
D) not shown on the statement of cash flows prepared using the indirect method
Correct Answer:
Verified
Correct Answer:
Verified
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