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For Teamwork Incorporated, when preparing the cash flow statement using the indirect method, depreciation expense is added back to Net Income when solving for Cash

For Teamwork Incorporated, when preparing the cash flow statement using the indirect method, depreciation expense is added back to Net Income when solving for Cash From Operations because (hint: more than one is true...select all the true answers!)...
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PPE does not require cash outlflows.
PPE is a cash outflow from investing, so depreciation expense never reduces cash from operations.
Depreciation expense reduces cash from operations.
Depreciation expense in a non-cash item (we don't pay cash for it as part of operations).

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