Depreciation is added back to profit when arriving at the cash flow from operating activities because: (a)

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Depreciation is added back to profit when arriving at the cash flow from operating activities because:

(a) Depreciation is only an estimated amount

(b) Depreciation does not affect profit

(c) Depreciation does not result in a flow of cash

(d) Depreciation affects only the statement of financial position, not the income statement

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Accounting And Finance For Business

ISBN: 9780273773948

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Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:05 AM

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Depreciation is added back to profit when arriving at the cash flow from operating activities because: (a)

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