Question

Abiss company has erroneously skipped recording depreciation on one of its equipment amounting to $25,000, in its income statement. The company is planning for an increase in this depreciation. On the financial statements of Abiss this will a. Decrease net cash flow from operations on the cash flow statement.

Answer 1

• Abiss company has erroneously skipped recording depreciation on one of its equipment amounting to $25,000, in its income statement. The company is planning for an increase in this depreciation. On the financial statements of Abiss this will a. Decrease net cash flow from operations on the cash flow statement.