13. When calculating and reporting net cash provided or used by operating activities, which of the following is added to net income? A. Gains from disposal of assets B. Losses from disposal of assets C. Operating expenses D. Interest income E. Interest expense 14. When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income? A. Decrease in income taxes payable B. Depreciation expense C. Amortization of intangible assets D. Bad debts expense E. Decrease in merchandise inventory 15. Given the following information, determine the amount of cash flows from investing and financing activities. Net Income Loss on sale of plant assets Cash received from sale of plant assets Cash received from issuing stock Increase in income taxes payable Cash provided by investing activities, $11,000, $50,000 15,000 26,000 70,000 120,000 A. Cash provided by financing activities, $70,000 B. Cash used by financing activities, $70,000 C. Cash provided by financing activities, $35,000 D. Cash used by financing activities, $55,000 Cash used by investing activities, $11.000, Cash provided by investing activities, $26,000, Cash used by investing activities, $26000 Cash provided by investing activities, $26,000. E, Cash provided by financing activities, $70,000. 13. When calculating and reporting net cash provided or used by operating activities, which of the following is added to net income? A. Gains from disposal of assets B. Losses from disposal of assets C. Operating expenses D. Interest income E. Interest expense 14. When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income? A. Decrease in income taxes payable B. Depreciation expense C. Amortization of intangible assets D. Bad debts expense E. Decrease in merchandise inventory 15. Given the following information, determine the amount of cash flows from investing and financing activities. Net Income Loss on sale of plant assets Cash received from sale of plant assets Cash received from issuing stock Increase in income taxes payable Cash provided by investing activities, $11,000, $50,000 15,000 26,000 70,000 120,000 A. Cash provided by financing activities, $70,000 B. Cash used by financing activities, $70,000 C. Cash provided by financing activities, $35,000 D. Cash used by financing activities, $55,000 Cash used by investing activities, $11.000, Cash provided by investing activities, $26,000, Cash used by investing activities, $26000 Cash provided by investing activities, $26,000. E, Cash provided by financing activities, $70,000
