A.

B.

In preparing the statement of cash flows, cash flows from operating activities: O a. Can be calculated by adding items from the income statement back to net income. O b. Can be calculated by subtracting items in the income statement from net income. c. Both A and B are correct and necessary. O d. Neither A nor B are correct or necessary. Cash flows from operating activities include: O a. a cash purchase of land. O b. payments on note payables. O c. payment of cash dividends. d. increases or decreases in accounts receivable