16. Of the items below, the one that appears before the others on the statement of cash flows is (a) noncash investing and financing activities. (b) net increase (decrease) in cash. (c) cash at the end of the period. (d) cash at the beginning of the period. 17. A statement of cashflow is (a) not required for publicly traded companies. (b) not required for privately held companies. (c) is required for both publicly traded and privately held companies. (d) not required for both publicly traded and privately held companies. 18. Which of the following is not an adjustment applied to net income to arrive at net cash provided or used by operating activities under the indirect method? (a) add back losses. (b) add back noncash expenses. (c) add increases in current assets. (d) deduct decreases in current liabilities. 19. In preparing the operating activities section of the statement of cash flows, most companies in Canada prefer to (a) use the direct method. (b) use the indirect method. (c) present both the indirect and direct methods in their financial reports. (d) prepare the operating activities section on the accrual basis