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FINMAN_16 MC QUESTIONS.docx - Multiple Choice Questions: 1....

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Multiple Choice Questions:1. Which of the following items is included in the adjustment of net income toobtain cash flow from operating activities?A. Depreciation expense for the period.B. The change in deferred taxes.C. The amount by which equity income recognized exceeds cash received.D. All of the above.
2.Which statement is true for gains and losses from capital asset sales?

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Term
Winter
Professor
NoProfessor
Tags
Balance Sheet, Cash Flow Statement, Depreciation, Generally Accepted Accounting Principles, following items

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