2. Cash flows from operating activities, as reported on the statement of cash flows under the indirect method, would include:

A. net income.

B. payments for dividends.

C. receipts from the issuance of capital stock.

D. receipts from the sale of investments.

4. Which of the following adjustments to convert net income to net cash provided by operating activities is not added to net income?

A. Patent Amortization Expense.

B. Depletion Expense.

C. Gain on Disposal of Equipment.

D. Depreciation Expense.

23. Department 1 of a two department production process shows:

	Units
Beginning Work in Process	10,000
Ending Work in Process	50,000
Total units to be accounted for	160,000

How many units were transferred out to Department 2?

A. 110,000

B. 160,000

c. 150,000

D. 50,000