1. Which of the following would be added to net income when using the indirect approach to prepare the cash from operating activities of the Statement of Cash Flows?

a. increase in inventory

b. gain on sale of investments

c. decrease in wages payable

d. decrease in accounts receivable

2. Tripe H Enterprises reported $26,000 of cash from operating activities and the following data:

Depreciation	$45,000
Increase in accounts payable	12,000
Increase in wages payable	8,000
Increase in inventory	9,000
Decrease in taxes payable	2,000

Tripe H's net income/loss for the period was

a. 10,000 income

b. 54,000 loss

c. 28,000 loss

d. 8,000 loss

3. McKim Cringan George reported a cash position of $35,000 and as of December 31, after its first year of operations. McKim also reported the following:

Net Income	$23,000
Depreciation Expense	$17,000
Gain on the sale of equipment	$5,000
Cash from operating activities	$42,000
Cash used in investing activities	$100,000

How much cash was provided through McKims financing activities?

a. $100,000

b. $93,000

c. $90,000

d. $0