Solved

To Prepare a Statement of Cash Flows (Indirect Method),which of the Following

Question 104

Multiple Choice

To prepare a statement of cash flows (indirect method) ,which of the following items should be added back to profit to derive "cash flow from operating activities"?


A) Depreciation expense.
B) Increase in trade receivables.
C) Gain on a sale of equipment.
D) Decrease in trade payables.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Which of the following transactions is not

Q45: Cash collected from customers is a cash

Q98: Investing activities include cash proceeds from the

Q99: The indirect method for reporting cash flows

Q100: Which one of the following items is

Q101: Use the following information to prepare a

Q102: The statement of cash flows and the

Q104: The income statement, statement of financial position

Q106: In 2012,The W D Company reported profit

Q107: The net cash inflow (or outflow)from operating