Accounting 2 Question

User Generated

Fbhmn1983

Business Finance

Description

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.

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Explanation & Answer

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


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