d. provided net cash of $10,500. 7) In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a(n) a. subtraction from net income. b. addition to net income. c. addition to cash flow from investing activities. d. subtraction from cash fow from investing activities. (8) A company had net income of $282,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2,000 and $14,000, respectively. There was also a loss on the sale of equipmient of $17,000. How much cash was provided by operating activities? a. $258,000. b. $241,000. C. $318,000. d. $339,000. (9) If S2,500,000 of bonds are issued during the year but $4,000,000 of old bonds are retired during the year, the statement of cash flows will show a(n) net increase in cash of $1,500,000. a. b. net decrease in cash of $1,500,000. increase in cash of $2,500,000 and a decrease in cash of $4,000,000. c. d. net loss on retirement of bonds of $1,500,000. (10) Land costing $125,000 was sold for $355,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? $155,000. $310,000 b. $355,000. d. $230,000. a. c. 12-5 ter 12- Statement of Cash Flows