Accounting 2 Question

Accounting
Tutor: None Selected Time limit: 1 Day

Using the indirect method, patent amortization expense for the period a) is deducted from net income b) causes cash to increase. c) causes cash to decrease. d) is added to net income.

Nov 25th, 2014

The answer is D (Added to Net Income). It is added to net income in arriving at cash flows from operations activities. 

Nov 25th, 2014

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