Please highlight the correct answer, need this done in 20 minutes.

Question 1 Not yet answered Points out of 2.00 Flag question Question text Indicate which item is added in the Operating section of the Statement of Cash Flows (indirect method): Select one: a. Decrease in Accounts Payable b. Gain on Sale of Fixed Assets c. Net decrease in trading securities d. Net increase in available-for-sale securities e. Dividends declared Question 2 Not yet answered Points out of 2.00 Flag question Question text Indicate which item is subtracted in the Operating section of the Statement of Cash Flows (indirect method): Select one: a. Increase in Accounts Payable b. Gain on Sale of Fixed Assets c. Net decrease in trading securities d. Net increase in available-for-sale securities e. Dividends declared Question 3 Not yet answered Points out of 2.00 Flag question Question text The Celebrity Company sold equipment with a cost of $20 and a book value of $15. The income statement reported a loss on sale of $2. The Operations section of the Statement of Cash Flows (indirect method) will include a(n) Select one: a. Addition of $2 b. Subtraction of $5 c. Subtraction of $2 d. Addition of $5 e. Subtraction of $7 Question 4 Not yet answered Points out of 2.00 Flag question Question text The Carival Company sold a machine with a book value of $45 and original cost of $50. The income statement reported a gain of $7. The Investment section of the Statement of Cash Flows will include a(n) Select one: a. Addition of $38 b. Subtraction of $59 c. Addition of $45 d. Addition of $52 e. Subtraction of $45 Question 5 Not yet answered Points out of 2.00 Flag question Question text The Steele Company's 2017 Net Income is $1,000. The following items were used in compiling the Statement of Cash Flows (indirect method): Net Cash provided by Investing Activities is: Select one: a. $1 b. $10 c. $8 d. $6 e. $14 Question 6 Not yet answered Points out of 2.00 Flag question Question text The Divirgil Company Net Income is $100. Given the following items: Change in Cash for the year is: Select one: a. $74 b. $92 c. $82 d. $84 e. $78 Question 7 Not yet answered Points out of 2.00 Flag question Question text Which would be subtracted in the Operating Activities section of the Statement of Cash Flows? Select one: a. Proceeds from Condemnation of Land b. Stock split c. Cash paid for unexpected major equipment repairs d. Investment income recorded using the equity method Question 8 Not yet answered Points out of 2.00 Flag question Question text A statement of cash flows, including footnotes, typically would not include which item? Select one: a. Capital stock issued at an amount greater than par value b. Issuance of stock in exchange for new equipment c. Cash dividends declared d. A purchase of treasury stock e. A building purchase; mortgage obtained from financial institution Question 9 Not yet answered Points out of 2.00 Flag question Question text Net cash flow from operating activities for 2011 Altoona Corporation was $300,000. The following items are reported on the financial statements for 2011: Based only on the information above, Altoona's Net Income for 2011 was: Select one: a. $256,000 b. $344,000 c. $296,000 d. $304,000 e. $294,000 Question 10 Not yet answered Points out of 2.00 Flag question Question text The Lucido Company's 2018 Net Income is $170. Balance Sheets are given: Lucido sold a machine for $122 in 2018. Cost was $200; book value was $120. Net Cash Used for Financing is: Select one: a. $133 b. $41 c. $55 d. $49 e. $57