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On an indirect method statement of cash flows, the purchase of machinery in exchange for common shares is: Select one: A. shown in the schedule

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On an indirect method statement of cash flows, the purchase of machinery in exchange for common shares is: Select one: A. shown in the schedule of noncash investing and financing activities which accompanies the statement of cash flows B. reflected in the investing activities section C. ignored D. reflected in the operating activities section Under the indirect method of cash flow, which of the following adjustments would NOT be made to net income when computing cash from operating activities? Select one: A. Add a decrease in Accounts Payable B. Add Depreciation Expense C. Subtract the gain on sale of land D. Add an increase in Interest Payable Gallego Group issued bonds during the year. This would be considered a of cash, and would be reported in the section of the Statement of Cash Flows. Select one: A. use, investing B. use, financing C. source, investing D. source, financing

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