On the statement of cash flows using the indirect method, depreciation expense for a building would:

	a.	be deducted from net income in the operating section.
	b.	be added to net income in the operating section.
	c.	appear as an inflow of cash in the investing section.
	d.	appear as an outflow of cash in the investing section.

A corporation has the following account balances: Common Stock, $1 par value, $80,000; Additional Paid-in Capital , $2,700,000. Based on this information, the

	a.	number of shares outstanding is 2,780,000.
	b.	total cash received for the shares is $2,700,000.
	c.	number of shares issued is 80,000.
	d.	average price per share issued is $3.48.