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suppose we are looking at the cash flow statement constructed using the INDIRECT method. We see positive adjustments in the operating section of $1000 for
suppose we are looking at the cash flow statement constructed using the INDIRECT method. We see positive adjustments in the operating section of $1000 for Depreciation. which of the following are correct interpretations of this? SELECT ALL THAT APPLY
1. The firm sold long-term assets for $1000
2. Income was lowered by $1000 because of depreciation expense
3. Depreciation provided cash of $1000
4. The firm invested $1000 in long term assets
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