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How does the item impacted net income

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Reference no: EM132538926

Question 1: Using an indirect method statement of cash flows from a publicly traded company, discuss an item that was recorded when calculating net income, but is adjusted as an increase or decrease to determine cash provided by (used by) operating activities, specifically an asset, liability, gain, or loss. How does that item impacted net income (or net loss) and why there is an adjustment necessary to determine cash from operations.

Reference no: EM132538926

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