Q9 and Q10

9. The indirect method of accounting for cash flow from operating activities A. allows users to understand the causes of differences between net income on an accrual basis and cash flow from operating activities. B. allows users to see the connection of specific revenues and expenses from the income statement to the cash received from those specific revenues or paid for those specific expenses C. converts each specific revenue and expense to cash received or paid by adjusting for the change in related asset and liability accounts from the balance sheet. D. none of the other answers are true. 10. Teddy Bruin files a tax return overstating a client's expenses, and the client receives the appropriate refund from the IRS. What kind of ethics is involved? A. B. C. D. Falsifying IRS documents Colluding with the client to defraud the government Being greedy All of the above