Question 31 (1 point) on an indirect method statement of cash flows, a gain on the sale of capital assets is: O reflected in the investing activities section O deducted from net income O added to net income O reflected in the financing activities section Question 32 (1 point) The balance in Common Shares on January 1, 2013, and December 31, 2013, is respectively si45,000 and s172,500. During the year, $57,000 repurchase of shares was recorded. During the year, shares were issued. The proceeds from the issue of shares amounted to: $64,500 $84,500 $29,500 S260,500 Question 33 (1 point) Using the indirect method of preparing a statement of cash flows, depreciation expense for the current year is: O added in the operating activities section O subtracted in the operating activities section O added in the financing activities section O added in the investing activities section Question 34 (1 point) The indirect method of preparing the statement of cash flows: o is preferred by the Accounting Standards Board over the direct method O produces a different amount for cash flows from operating activities than the direct method O is more commonly used in practice than the direct method O produces a different amount for cash flows from investing activities than the direct method Question 35 (1 point) The main source of cash for a business must come from operating activities if it is to prosper in the future. O True O False