Question 21 (1 point) An increase in common shares would be added into the cash flow from investing activities section of the Statement of Cash O True O False. Question 22 (1 point) The sale of equipment at book value would be reported on a statement of cash flows under: O the financing activities O the operating activities O the investing activities O either investing activities or financing activities Question 23 (1 point) Jantzi Company reported capital assets, net of accumulated depreciation, on January 1, 2013, at $427,500 and $579,300 on December 31, 2013. The income statement showed depreciation of $38,700. Jantzi Company acquired $275,000 of capital assets during the year and reported proceeds from the sale of capital assets of s89,200 for the year. The gain or loss resulting from the sale of capital assets was: $5,050 gain o $4,700 gain $3,400 loss O $2,390 loss Question 24 (1 point) The payment of principal amounts (excluding interest) to creditors would be reported on a statement of cash flows under the: O financing activities O operating activities investing activities o either investing activities or financing activities Question 25 (1 point) on an indirect method statement of cash flows, an increase in accounts payable would be O deducted from net income reflected in the investing activities section O added to net income netted against any decreases in accounts receivable