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CALCULATOR FULE Practice Question 32 XDepreciation expense is a noncash charge that is added back to net income in determining cash provided by operations under
CALCULATOR FULE Practice Question 32 XDepreciation expense is a noncash charge that is added back to net income in determining cash provided by operations under the indirect method. Which one of the following is not added back to net income in determining cash provided by operations under the indirect method? Loss on sale of equipment Depreciation expense An increase in inventory Amortization expense Click if you would like to Show Work for this question: Ogen Show Work Brief Exercise 13-06 Net income was $517,000 in 2020, $488,000 in 2021, and $535,000 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 20227 ts the change an increase or a decrease? (I amount and percentage are a decrease show the numbers as negative, eg. 55, 000, 20 or (55,000), (20%). Round percentages to 0 decimal places, eg. 12%.) Amount Percentage (a) 2020-2021 (b) 2021-2022 Open Show Work Click if you would like to Show Work for this
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