An increase in the plant and equipment account of 100000, Ask an Expert

Accounting

An increase in the plant and equipment account of $100,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:

a. an addition to net income of $100,000 in order to arrive at net cash provided by operating activities.

b. a deduction from net income of $100,000 in order to arrive at net cash provided by operating activities.

c. an addition of $100,000 under investing activities.

d. a deduction of $100,000 under investing activities.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964429

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