If common stock was issued to acquire an $8,000 machine, how would the transaction appear on the statement of cash flows? It would depend on whether you are using the direct or the indirect method. It would be a positive $8,000 in the financing section and a negative $8,000 in the investing section. It would be a negative $8,000 in the financing section and a positive $8,000 in the investing section. It would not appear on the statement of cash flows but rather on a schedule of noncash investing and financing activities. QUESTION 18 Harding Corporation reports the following information: Net income Depreciation expense Increase in accounts receivable $530,000 140,000 60,000 Harding should report cash provided by operating activities of $330,000. $450,000. $610,000. $730,000. QUESTION 19 Which of the following statements is true? The higher the discount rate, the higher the present value. The process of accumulating interest on interest is referred to as discounting. If money is worth 10% compounded annually, $1,100 due one year from today is equivalent to $1,000 today. If a single sum is due on December 31, 2017, the present value of that sum decreases as the date draws closer to December 31, 2017