Question $21$

Harding Corporation reports the following information:

Net income

Depreciation expense

Increase in accounts receivable

$$500,000$

$140,000$

$60,000$

Harding should report cash provided by operating activities of

$$300,000.$

$$420,000.$

$$580,000.$

$$700,000.$

Question $22$

In a statement of cash flows, receipts from sales of property, plant, and equipment and other

productive assets should generally be classified as cash inflows from

operating activities.

financing activities.

investing activities.

selling activities.