Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?a. Depreciation expense. b. A loss on the sale of equipment. c. Dividends declared and paid. d. Gain on sale of land.

d. Gain on sale of land

Explanation:

When using the indirect method  in calculating net cash flow from operating activities, the net income is adjusted by the following items :

From the choices given only gain from sale on land which is an income, has to be removed from net income to reach a cash flow figure.

answer; lags, push the econ below the natural level of output;