In the indirect method, a gain on sale of equipment is reported as an increase to revenues in the operating activities section. a decrease to net income in the operating activities section. a decrease to equipment purchases in the investing activities section. an increase to cash provided by investing activities. In the indirect method, an increase in accounts payable is reported on the statement of cash flows as a decrease to sales. an increase to cash. an increase to sales. a decrease to cash. The sale of land for cash would be classified as a cash receipt from an investing activity. True False The purchase of property, plant, and equipment would be recorded in which section of the statement of cash flows? Operating activities Investing activities Financing activities None of these Which of the following would be included in the investing activities section of the statement of cash flow? purchase of imventory the disposal of property, plant and equipment sales of goods or services sale of shares Identify one type of adjustments applied to net income to arrive at net cash provided or used by operating activities under the indirect method. add back the purchase of property. plant and equipment decrease losses and increase gains subtract depreciation addback noncash expenses