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in preparing the operating activities section of a statement of cash flows using the indirect method, net income should be adjusted for

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jaelynnperales12

Answer: Loss from sale of asset. Gain from sale of asset. Depreciation expense

Net income should be adjusted for  Loss from sale of asset, Gain from sale of asset, Depreciation expense, etc

The following information should be considered:

  • Operating activities deals with the day to day activities.
  • It records the change in the current assets and current liabilities.
  • The net income could be adjusted for depreciation expense, profit or loss for sale of an asset.

Therefore we can conclude that Net income should be adjusted for  Loss from sale of asset, Gain from sale of asset, Depreciation expense, etc

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