Question 31 Which of the following is not one of the reasons why net income differs from cash flows from operations under the indirect method of calculating cash flows? Select one A. non-cash items, such as depreciation and amortization B. changes in working capital accounts C. gains and losses related to the sale of plant, property and equipment D. sale or repurchase of capital stock Question 32 The assessment of earnings quality is best accomplished through the use of which one of the following? Select one O A. Balance sheet and cash flow statement. B. Single-step financial statements. C. Single-step income statement, balance sheet, and cash flow statement. D. Multi-step income statement, balance sheet, and cash flow statement.