Sacco Pretzel Company uses the direct method to prepare its statement of cash flows. When calculating the
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Sacco Pretzel Company uses the direct method to prepare its statement of cash flows.
When calculating the net cash provided (used) by operations, which of the following items would be deducted from net income?
a. Cash paid for income taxes
b. Gain on sale of land
c. Depreciation expense
d. Cash paid for dividends
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