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MMLU / Zokro a nongovernmental not-for-profit organization uses the indirect method to…

Problem

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question

Zokro a nongovernmental not-for-profit organization uses the indirect method to prepare its statement of cash flows. In determining its net cash provided (used) by operating activities Sokro must add back which of the following to the change in net assets?

choices

  1. Purchase of equipment.
  2. Payment on long-term debt.
  3. Depreciation.
  4. Decrease in accounts payable.

subject

professional_accounting

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Official source

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