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professor190 [17]
3 years ago
6

Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indir

ect method?a. Depreciation expense.b. A loss on the sale of equipment.c. Dividends declared and paid.d. Gain on sale of land.
Business
1 answer:
aniked [119]3 years ago
3 0

Answer:

d. Gain on sale of land

Explanation:

When using the indirect method  in calculating net cash flow from operating activities, the net income is adjusted by the following items :

  1. Non-Cash flow items included in net income
  2. Changes in Working Capital items in net income.

From the choices given only gain from sale on land which is an income, has to be removed from net income to reach a cash flow figure.

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4 years ago
homeworklib Assume the following for White Top Inc. for the current fiscal year. White Top applies overhead on the basis of unit
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Answer:

50,500 Units

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6 0
3 years ago
Consider the following statements, and indicate which variable is an independent variable and which variable is a dependent vari
Kobotan [32]

Answer and Explanation:

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Which one of the following parties can sell shares of ABC stock in the primary market?-ABC company-Any corporation, other than t
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Answer:

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