Indicate where, if at all, the following transaction would be classified on the statement of cash flows: Issue of preferred shares for cash a. does not represent a cash flow b. financing activities section c. operating activities section d. investing activities section Which of the following is not an adjustment applied to net income to arrive at net cash provided or used by operating activities under the indirect method? a. add back noncash expenses b. add increases in current assets c. deduct decreases in current liabilities d. add back losses