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Question 9 2 pts In a statement of cash flows, Interest received on from an employee who borrowed money from the company should be classified
Question 9 2 pts In a statement of cash flows, Interest received on from an employee who borrowed money from the company should be classified as a cash inflow from Operating activities Financing activities Investing activities Lending activities Question 10 2 pts Which of the following is not classified an operating activity? Interest paid dividends paid dividends received taxes paid on sale of a plant asset Question 11 2 pts When using the direct method for reporting operating activities, which of the following would represent a cash paid itern? depreciation expense, adjusted for changes in depreciation methods patent amortization, adjusted for changes in estimatestion methods O interest expense, adjusted for changes in interest payable and amortization of bond premiums or discounts loss on sale of plant assets Question 12 2 pts Which of the following independent transactions would cause net income to be less than cash from operating activities? a increase in the accounts receivable account collection of an accounts receivable written off in a prior period O a decrease in the accounts payable account depreciation expense
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