Question 28 (2 points) Which of the following statements is true? 0 If a company reports net income on its income statement, it should repoit an increase in cash on its statement of cash flows. If a company reports a net loss on its income statement, it should report a decrease in cash on its statement of cash flows If a company uses the accrual basis of accounting, it will improve its cash position if it reports net income for the same period. If a company uses the accrual basis of accounting, its cash balance can increase even if it reports a net loss. Question 29 (2 points) Capitalizing an expenditure rather than recording it as a revenue expenditure affects the amount of net income reported during an accounting period, but has no effect on the total book value of plant assets on the balance sheet. affects the total book value of plant assets on the balance sheet, but has no effect on the amount of net income reported during an accounting period. affects the total book value of plant assets reported on the balance sheet and the amount of net income reported during a period. has no effect on the book value of plant assets on the balance sheet or the amount of income reported on the income statement. COULD VOD