In the computation of net cash flows from oeprating activities for 2015 by the i
ID: 2586819 • Letter: I
Question
In the computation of net cash flows from oeprating activities for 2015 by the indirect method, determine whether each of the following items would be added to net income, deducted from net income, or omitted from the computation. Indicate your answers by usind teh following symbols:
+ (added to net income)
- (deducted from new income)
0 (omitted from comutiation)
_______(a) a decrease in accounts payable to suppliers of merchandise during 2015
_______(b) a loss recognized on teh sale of office equipement during 2015
________(c) Depreciation expense for 2015
_______(d) Dividends, declared at teh end of alst year, paid to share holders during teh current year.
_______(e) An incerease in inventory levels during 2015
_______(f) a decrease in accounts recivable from customers during 2015
Explanation / Answer
a - b + c + d 0 e - f +