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