Which of the following is reported as a deduction from net income when using the indirect...
Which of the following is reported as a deduction from net income when using the indirect method to determine net cash flows from operating activities?
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Depreciation expense.
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Amortization of a patent.
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Amortization of premium on bonds payable.
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Dividends declared.
Homework Answers
Answer : Amortization of premium on bonds payable.
>> Depreciation expenses is added to Net profit in operating activity. Because it is non cash item.
>> Amortization of a patent is similar to depreciation, it is also add to net profit in operating activity. Because it is non cash item.
>> Dividends declared does not effect cash flow statement only. Effects when dividend paid.
>> Amortization of premium on bonds payable is deducted from net profit in operating activity
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