Direct materials used is a. $14,000 b. $4,000 c. $2,000 d. $8,000 38. Monitoring the operating results of implemented plans and comparing the actual results with the expected results is known as a) Planning b) Directing c) Controlling d) Improving e) Decision-Making 39. On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be added to net income in converting the net income reported on the income statement to cash flows from operating activities. a. True b. False 40. Exchange of land for common stock on a statement of cash flow would decrease cash from investing activities. a. True b. False