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Prepare the operating section of a statement of cash flows

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Reference no: EM132744804

Problem 1: When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by/used by operating activities?

a. Increase in accounts receivable.
b. Gain on sale of land.
c. Depreciation of equipment.
d. All of these are added to net income to arrive at cash flow from operating activities.

Reference no: EM132744804

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