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Required: Indicate whether each event will be added to or deducted from net income in order to compute cash flow from operations. a. Loss on
Required:
Indicate whether each event will be added to or deducted from net income in order to compute cash flow from operations.
a. Loss on sale of an asset | Added to |
b. Decrease in accounts receivable | Added to |
c. Increase in prepaid insurance | Deducted from |
d. Depreciation expense | Deducted from |
e. Decrease in accounts payable | Deducted from |
f. Uncollectible accounts expense | |
g. Increase in wages payable | |
h. Decrease in inventory | |
i. Amortization of an intangible asset |
|
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