23. If a gain of $12.000 is incurred in selling for cash) office equipment having a book value of $110.000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a $98.000 DS122,000 c. $110,000 d. $12.000 24. Using the indirect method, patent amortization expense for the period a is deducted from net income b causes cash to increase causes cash to decrease d) is added to net income. c 25. In Alona Company, net income is $285.000. If accounts receivable increased $140,000 and accounts payable decreased $40.000 net cash provided by operating activities using the indirect method is: a $105.000 $185.000 c. $385,000.d. $465,000 26. Which of the following transactions would not be classified as a financing activity a. Purchase of treasury stock b. Payment of dividends c Issuance of bonds at a discount d Purchase of a long-term investment in bonds 27. To determine the net cash provided (used) by operating activities, it is necessary to analyze a. the current year's income statement. b. a comparative balance sheet. additional information All of these answers are correct. 28. in developing the cash flows from operating activities, most companies in the US 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