1. The term "Equity Income" that appears on the Income Statement refers to additional capital that has been contributed to my company from equity shareholders. Select one: True False

2. Retained Earnings on the Balance sheet represents all net income ever earned by the company less all dividends the company has ever declared. Select one: True False

3. Depreciation is added back to net income as a step in determining cash from operating activities under the indirect method. Select one: True False