Statement of cash flows-increase in property-plant

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Reference no: EM13829142

1. Under the indirect method of determining the net cash provided by operating activities on the statement of cash flows, an increase in property, plant, and equipment is subtracted from net income.

True

False

2. The amount of depreciation added to net income equals the sum of the debits to the Accumulated Depreciation account.

True

False

Reference no: EM13829142

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