in the determining the cash flow from operating section of the statement of cash flows by the indirect method, the amortization of bond discount for the period is deducted from the net income for the period. true or false

arch ac EX 17-6 Current position analysis The following data were taken from the balance sheet of Beatty Company: Dec. 31, 2012 Cash Temporary investments Accounts and notes receivable (net) c. 31,2011 s 238,000 385,000 295.000 291,000 330,000 425,000 420,000 Prepaid expenses $1.952,000$13 Total current assets Accounts and notes payable (short-term) Accrued liabilities $420,000 $ 400,000 140,000 Total current liabilities 610,000 540.000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. (a) 2012 20 1 (3