Q31:

indirect method statement of cash flows would show the quality of income for the firm in a particular year.

Select one:

True

False

Q32:

an equipment has a cost of $ 20,000 which is 40% depreciated sold for $ 10,000. the operating activities in the statement of cash flows should show

a.

$ 10,000 outflow

b.

$ 10,000 inflow

c.

$ 2,000 outflow

d.

$ 2,000 inflow