#28 Operating Cash Flows - Indirect Method Flashcards
1
Q
How should the amortization of a bond discount be reported in the statement of cash flows?
A
In operating activities as an addition to income.
2
Q
How does Accumulated Depreciation effect the Statement of Cash Flows?
A
It must be added to Net Income when solving for net cash used in operating activities.
3
Q
Investments classified as trading fall under the operating section or investing section?
A
Operating section
