Under the indirect method of preparing the statement of cash flows, a decrease in prepaid assets would be: added to net income in the operating activities section. subtracted from net income in the operating activities section. subtracted in the financing activities section. added to the financing activities section. What are the conditions that must be true for an event to be considered extraordinary? The event must be unusual but not infrequent. The event must be both infrequent and unusual. The event must be infrequent but not unusual. Infrequent and unusual are not requirements for an event to be considered extraordinary Which of the following occurs due to a 4-for-1 stock split? The par value of each share of common stock remains the same as before the split. The par value of each share of common stock is 200% of the par value before the split. The par value of each share of common stock is 400% of the par value before the split. The par value of each share of common stock is 25% of the par value before the split