(Adjustments to net income when using the indirect method of calculating cash from operations, LO 3) Tracadie...

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(Adjustments to net income when using the indirect method of calculating cash from operations, LO 3) Tracadie Inc. (Tracadie) uses the indirect method to calcu- late and report cash from operations in its cash flow statement. For each of the following items, indicate whether the item would be added to net income, deducted from net income, or not be relevant when calculating cash from operations.

Gain on the sale of equipment that was used by Tracadie to provide its services.
Amortization expense.
Decrease in accounts payable.
Purchase of equipment.
Decrease in inventory.
Increase in accounts receivables.
Increase in accrued liabilities.
Loss on the sale of office furniture used in Tracadie’s executive offices.
Increase in long-term debt.
Gh es Ge Oo" P Sense Dividends paid.

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