Which of the following adjustments to net income is needed to obtain cash flows? a. Eliminate…

Which of the following adjustments to net income is needed to obtain cash flows?

a. Eliminate gains on sale of equipment.

b. Add to net income all noncash expenses (e.g., depreciation and amortization).

c. Add to net income any increases in current liabilities. d. Deduct from net income any increases in inventories.

e. All of the above.

 

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