Question
In calculating the statement of cash flows, depreciation is added to net income because Group of answer choices it represents additional income for the firm.
In calculating the statement of cash flows, depreciation is added to net income because
Group of answer choices
it represents additional income for the firm.
it is a non-cash expense that was subtracted to initially lower the taxable income.
it is often a large number.
depreciation represents a net inflow of cash.
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
