easy · Financial Accounting statement-of-cash-flows
A firm's Net Income is $6,574. Depreciation expense is $3,900, and the firm recognized a $500 dollar gain on the sale of equipment.
In the Operating section of the Cash Flow Statement (indirect method), how are these items handled?
- Subtract $3,900; Subtract $500
- Subtract $3,900; Add $500
- Add $3,900; Add $500
- Add $3,900; Subtract $500
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