QUESTION 11 Landmark Company reported net income of $9,000 for the year. During the year, accounts receivable increased by $2,000, accounts payable decreased by $3,000 and depreciation expense of $1,000 was recorded. Net cash provided by operating activities for the year is A. $15,000. B. $7,000 C. $5,000. D. $12,000. Assume that the Fatima Corporation uses the indirect method to depict cash flows. Indicate where common stock issued for cash would be classified. . A. Does not represent a cash flow. B. Financing activities section. C. Investing activities section. D. Operating activities section. In the first month of operations, the total of the debit entries to the Cash account amounted to $1,000 and the total of the credit entries to the Cash account amounted to $800. The Cash account has a A. $800 debit balance. B. $200 debit balance. C. $800 credit balance. D. $1,000 debit balance. Cash flows from operating activities, as reported on the statement of cash flows under the indirect method, would include A. receipts from the issuance of capital stock. B. payments for dividends. C. net income. D. receipts from the sale of investments