In preparing cash flows provided by operating activities using the indirect method which of the following items is added to net income? O Non-cash expenses such as depreciation O Gains on investing and financing transactions O Increases in current asset balances O Decreases in current liability balances A company's prepaid insurance account decreased by $1,000 during the year. Which of the following will appear on the statement of cash flows prepared using the indirect method? O An addition under investing activities O Adeduction under investing activities O An addition under operating activities O A deduction under operating activities Which of the following items is not included in the calculation of cash flows provided by operating activities using the indirect method? O Repayment of long-term debt O Net income O Depreciation expense Gain on the sale of equipment Michael's Industries reported net income of $10000 and paid cash dividends of $2000. Changes in balance sheet accounts for the year were as follows: Accounts receivable Inventory Property, plant and equipment Accumulated depreciation Depreciation expense Accounts payable Accrued liabilities Increase (Decrease) ($5000) 3000 15000 3000 1000 6000 (2000) What is the amount of net cash provided by operations? O $1000 $12000 S17000 S30000 When a company sells equipment for cash, which of the following is the correct reporting on the statement of cash flows? O Gain or loss in operating section, amount of cash received in operating section O Gain or loss in operating section, amount of cash received in investing section O Gain or loss in investing section, amount of cash received in operating section O Gain or loss in investing section, amount of cash received in investing section Which of the following is classified as a financing activity? O Receipt of dividend income O Receipt of interest on loan receivable O Payment of dividends O Investment in another company's stock When a company declares a cash dividend, which of the following is the correct reporting on the statement of cash flows? O Ause of cash in the operating section. O Ause of cash in the investing section. O Ause of cash in the financing section. O As a significant non-cash financing and investing activity. Current Attempt in Progress For the past two years, Monroe Corporation's statement of cash flows has shown net cash provided by investing activities. Which of the following choices could explain this result? O Collection of accounts receivable balances O Sales of factory equipment o Receipt of cash dividends from investments in other company's stock Issuance of long-term debt For the past two years, Monroe Corporation's statement of cash flows has shown net cash provided by financing activities. Which of the following choices could explain this result? O Collection of accounts receivable balances O Sales of factory equipment O Receipt of cash dividends from investments in other company's stock Issuance of long-term debt