Why are expenses added to net income, Accounting Basics

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Why are expenses added to net income

Response to the following questions:

1. Determine the net cash provided or used by operating activities using the following data: net income, $74,900; decrease in accounts receivable, $4,600; increase in inventory, $11,700; decrease in accounts payable, $1,000; loss on sale of equipment, $3,400; payment of cash dividends, $21,500.

2. Why are expenses such as depreciation and amortization added to net income when cash flow from operating activities is computed by the indirect method?

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Accounting Basics: Why are expenses added to net income

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Accounting Basics: Why are expenses added to net income

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