Determine whether each item would be a positive adjustment or a negative adjustment to net income in determining cash from operations. a) operating activities increased accounts payable by $140. b) operating activities decreased inventories by $505. c) early extinguishment of debt resulted in a loss of $10. d) depreciation and amortization expense was $2,604. e) operating activities decreased other assets by $18.
Added by Vincent F.
Step 1
Step 1: a) Positive adjustment of +$140 Reason: An increase in accounts payable means cash was conserved (less cash paid), so you add to net income when reconciling to cash from operations. Show more…
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