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Which items not added back to net profit after tax to obtain

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Reference no: EM132967258

Problem 1: Hosking Ltd uses the indirect method to calculate cash flows from operations. Which of the following items would NOT be added back to Net Profit After Tax to obtain cash flow from operations using the indirect method?

a. loss on sale of equipment
b. decrease in accounts receivable
c. gain on sale of investment
d. increase in accounts payable
e. depreciation

Reference no: EM132967258

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