9) When using the indirect method to prepare the operating section of a statement of cash flows, a gain on the sale of land and an increase in notes receivable would both be added back as an adjustment to net income. (True/False)

10) A statement of cash flows would not disclose the purchase of machinery in exchange for a note payable. (True/False)

11) Under the indirect method, tax expense incurred but unpaid will not affect the statement of cash flows. (True/False)