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Cash inflows related to sales of products to customers will appear as part of the ____________ section on the Statement of Cash Flows. Question 7

Cash inflows related to sales of products to customers will appear as part of the ____________ section on the Statement of Cash Flows.

Question 7 options:

Operating

Investing

Financing

If a company prepares an Indirect Method Statement of Cash Flows, which of the following items is not a proper adjustment to net income to arrive at cash flow from operating activities:

Question 8 options:

Add Depreciation Expense

Subtract Gain on Sale of PP&E

Add Loss on Sale of Investments

Subtract Bad Debt Expense

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