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I ment-usposition=inline%3B%20filename%2A 32.ABC declared and paid dividends. This cash flow should be reported under which section of the statement of cash flows? A.Operating B.Investing C.Financing

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I ment-usposition=inline%3B%20filename%2A 32.ABC declared and paid dividends. This cash flow should be reported under which section of the statement of cash flows? A.Operating B.Investing C.Financing D.None of the above 33.ABC Company purchased supplies for cash. This cash flow should be reported under which section on the statement of cash flows? A.Operating B.Investing C.Financing D.None of the above 34.ABC Company borrowed sl million from the bank and received the proceeds immediately. This cash flow should be reported under which section on the statement of cash flows? A.Operating B.Investing C.Financing D.None of the above 35.ABC Company paid $30,000 for interest on a loan from the bank. This cash flow should be reported under which section on the statement of cash flows? A.Operating B.Investing C.Financing D.None of the above 36.ABC company reported depreciation expense on its income statement for 2019. The company uses a direct method statement of cash flows. How should the depreciation expense be reported on the 2019 statement of cash flows? A.As an addition to net income in calculating cash flows from operating activities B.As a subtraction from net income in calculating cash flows from operating activities C.As a cash outflow from investing activities D.None of the above 37. ABC Company reports its statement of cash flows under the indirect method. The total cash flows from operating activities reported under this method will be A.Less than the total cash flows from operating activities reported under the direct method B.Greater than the total cash flows from operating activities reported under the direct method C.Equal to the total cash flows from operating activities reported under the direct method D.Can't be determined from the information provided 38.ABC Company reports its statement of cash flows under the indirect method. During 2019, accounts receivable increased by $36,000. In the operating activities section of the statement of cash flows, ABC should report A.A S36,000 addition to net income in calculating cash flows from operating activities B.A $36,000 subtraction from net income in calculating cash flows from operating activities C.No change related to accounts receivable D.None of the above

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