Payment of Note Payable(short-term) 100,000 50,000 Proceeds from sale of equipment 14. The net cash provided (used) by investing activities during 2011 is a. $50,000 $(300,000). 50 00O-500D0a $ (50,000). d. S( 550,000). 15. The net cash provided by financing activities during 2011 is $250,000. a. b. $650,000. $800,000. C. d. $150,000 16 When using the indirect method to prepare the operating section of a statement of cash fiows, which of the following is added to net income to compute cash provided bylused by operating activities? a. Amortization of patent. b. Gain on sale of land. c. Increase in accounts receivable. d. All of the above are added to net income to arrive at cash flow from operating activities 17.When preparing a statement of cash flows, a decrease in prepaid insurance during a period would require which of the following adjustments in determining cash flows from operating activities? Indirect Method Direct Method a. b. Decrease c. increase d. Decrease increase increase Decrease Decrease increase 18.A company borrows $10,000 and signs a 90-day nontrade note payabie. In preparing a statement of cash fiows (indirect method), this event wouid be reflected as a(n) a. addition adjustment to net income in the cash flows from operating activities section. b. cash outflow from investing activities. c. cash inflow from investing activities. d. cash inflow from financing activities