Question
Which of the following items would be deducted from net income to determine the net cash provided by operating activities using the indirect method? a.
Which of the following items would be deducted from net income to determine the net cash provided by operating activities using the indirect method?
a. gain on sale of noncurrent assets and amortization of discount on investment in bonds.
b. amortization of bonds payable premium and amortization of intangibles. c. loss on sale of noncurrent assets and amortization of discount on investment in bonds.
d. gain on sale of noncurrent assets and amortization of premium on investment in bonds.
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
