Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hosking Ltd uses the indirect method to calculate cash flows from operations. Which of the following items would NOT be added back to Net Profit

Hosking Ltd uses the indirect method to calculate cash flows from operations. Which of the following items would NOT be added back to Net Profit After Tax to obtain cash flow from operations using the indirect method?

a. loss on sale of equipment

b. decrease in accounts receivable

c. gain on sale of investment

d. increase in accounts payable

e. depreciation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting, Representation And Responsibility

Authors: Niels Joseph Lennon

1st Edition

0367540436, 9780367540432

More Books

Students also viewed these Accounting questions

Question

What is the effect of word war second?

Answered: 1 week ago