Thursday, December 15, 2011

When using the indirect method to calculate and report the net cash provided or used by operating activities,?

When using the indirect method to calculate and report the net cash provided or used by operating activities, net income is adjusted for:


A. Gains and losses from non operating items.


B. Revenues and expenses that did not provide or use cash.


C. Changes in non cash current assets and current liabilities related to operating activities.


D. Changes in current liabilities related to operating activities.|||There should be one more option:


e. All of the above





and that is the answer.

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