Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In me statement of cash flows, depreciation and amortization expense is added Pack to net income because: these expenses do not affect cash, but were

image text in transcribed
In me statement of cash flows, depreciation and amortization expense is added Pack to net income because: these expenses do not affect cash, but were subtracted in the determination of net income. these expenses affect investing activities, not operating activities. The cash disbursements for these accrued expenses will be made in a future period. These expenses are recognized for accounting purposes, but they do not represent economic costs

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

CIA Part 1 Essentials Of Internal Auditing 2022

Authors: MUHAMMAD ZAIN

1st Edition

B09PHFC28N, 979-8794951356

More Books

Students also viewed these Accounting questions

Question

1. Which position would you take?

Answered: 1 week ago