Adjustments to net income necessary to arrive at net cash flows from operating activities fall into three categories: [...] , timing differences, and [...]
Answer
non-cash expenses
non-operating gains and losses.
Question
Adjustments to net income necessary to arrive at net cash flows from operating activities fall into three categories: [...] , timing differences, and [...]
Answer
?
Question
Adjustments to net income necessary to arrive at net cash flows from operating activities fall into three categories: [...] , timing differences, and [...]
Answer
non-cash expenses
non-operating gains and losses.
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Subject 2. Preparing the Cash Flow Statement g activities:
Indirect Method
The indirect method uses net income (as reported in the income statement) as the starting point in the computation of net cash flows from operating activities. <span>Adjustments to net income necessary to arrive at net cash flows from operating activities fall into three categories: non-cash expenses, timing differences, and non-operating gains and losses. Adjustments reconcile net income (accrual basis) to net cash flows from operating activities. In other words, the indirect method adjusts net income for items that affected reported net
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