10) A statement of cash flows would not disclose the purchase of machinery in exchange for a note payable. (True/False) 11) Under the indirect method, tax expense incurred but unpaid will not affect the statement of cash flows. (True/False) 12) Maine Company sold a plant asset during 2021. The original cost of the plant asset was $500,000 and the accumulated depreciation at date of sale was $350,000. The proceeds from the sale of the plant asset were $70,000. The effect of the sale of this asset on the operating activities section is