Question 1: Statement of Cash Flows 30% = (9% +6% + 9% +6%) - it contains 3 pages Parta) 9% In the preparation of Statement of Cash Flows, the indirect method starts with net income and transform it to cash flows from operating/investing/financing activities. On your answer sheet, please put down "+" or "_" to indicate the adjustments needed to address the differences in the timing of accrual basis net income and cash flows: "+" or ." Sub-part Descriptions i. Decreases in operating liabilities ii. Increases in operating assets iii. Increases in operating liabilities iv. Decreases in operating assets V. Loss on sales of investing assets vi Gain on sale of investing assets vii. Decreases in financing liabilities viii. Increases in financing equity for cash ix. Increases in investing assets for cash