25) The indirect method of preparing the statement of cash flows:A) is more commonly used in practice than the direct methodB) is preferred by IFRS and ASPE over the direct methodC) produces a different amount for cash flows from operating activities than the direct methodD) produces a different amount for cash flows from investing activities than the direct method26) On an indirect-method statement of cash flows, the purchase of machinery in exchange for common shares is:A) ignoredB) shown in the schedule of noncash investing and financing activities which accompanies the statementof cash flowsC) reflected in the operating activities sectionD) reflected in the investing activities section27) The amount of cash paid for dividends for the current year can be calculated by the following formula:A) beginning dividends payable minus ending dividends payable plus dividends declaredB) beginning dividends payable plus ending dividends payable plus dividends declaredC) beginning dividends payable minus ending dividends payable minus dividends declaredD) beginning dividends payable plus ending dividends payable minus dividends declared28) The issuance of common shares in exchange for land and equipment will:A) affect the financing activities section of a cash flow statementB) affect the operating activities section of a cash flow statementC) not affect a cash flow statementD) affect the investing activities section of a cash flow statement29) Using the indirect method of preparing a statement of cash flows, a loss on the sale of a capital asset is: A) ignoredB) added in the operating activities sectionC) added in the investing activities sectionD) subtracted in the operating activities section30) All of the following might appear on an indirect-method statement of cash flows except:A) depreciation expenseB) decrease in inventoryC) loss on sale of capital assetsD) interest received on notes receivable