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den301095 [7]
3 years ago
10

When preparing the statement of cash flows using the indirect method for determining net cash flows from operating activities, d

epreciation is added to net income because: a) It is a significant portion of the year's expenses.b) It was deducted as an expense on the income statement and affects the amount of cash. c) It represents a source or inflow of cash.d) It was deducted as an expense on the income statement, but does not require cash.
Business
1 answer:
Sergeu [11.5K]3 years ago
8 0

Answer:

The correct answer is d) It was deducted as an expense on the income statement, but does not require cash.

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Depreciation is added to net income because it was deducted as an expense on the income statement, but does not require cash.

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Lorinda has started to think about saving for retirement. She reads a recommendation that says she should save at least 3/10 of
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Answer:

          \large\boxed{\large\boxed{\$ 13,200}}

Explanation:

This is an algebra question about fractions.

You need to find 3/10 of the income, and the income is $44,000.

You must muliply the fraction 3/10 by the $44,000 income.

To multily one fraction by a whole number you convert the whole number to a fraction with denominator 1. Then multiply numerator with numerator and denominator with denominator. This is how:

                     \dfrac{3}{10}\times \dfrac{\$ 44,000}{1}=\dfrac{3\times \$ 44,000}{10}=\\\\\\=\dfrac{\$ 132,000}{10}=\$ 13,200

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kotegsom [21]

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2 years ago
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