contestada

When using the indirect method to calculate and report the net cash provided or used by operating activities, net income is adjusted for all but which of the following?

(A) Gains and losses from nonoperating items.
(B) Revenues and expenses that did not provide or use cash.
(C) Changes in noncurrent assets and noncurrent liabilities.
(D) Changes in current liabilities related to operating activities.
(E) Depreciation and amortization expense.

Respuesta :

cancinodavidq

Answer:

Consider the following analysis.

Explanation:

Net Income is adjusted for below

Depreciation and amortization expense.

Revenues and expenses that did not provide or use cash.

Changes in current liabilities related to operating activities.

Gains and losses from nonoperating items.

Net Income is not adjusted for:

Changes in noncurrent assets and noncurrent liabilities.

Tundexi

The net income will be adjusted for:

  • Depreciation & amortization expense
  • Revenues and expenses
  • Changes in current liabilities
  • Gains and losses

What is a net cash?

Under a cash flow, its means the difference between amount coming in and going out of a firm for an acconting period.

Hence, the changes in noncurrent assets and noncurrent liabilities is not adjusted for the net income.

Therefore, the Option C is correct.

Read more about net cash

brainly.com/question/25716101

Otras preguntas