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When a statement of cash flows is prepared using the indirect method: Question 11 Not yet answered Points out of 2.5 Select one: a. Net
When a statement of cash flows is prepared using the indirect method: Question 11 Not yet answered Points out of 2.5 Select one: a. Net income is the starting point in determining cash flows from operations b. Cash paid for dividends is not included P Flag question c. Cash received for issuing common stock would be added in the Investments section d. Depreciation is subtracted in the Operations section Question 12 The statement of cash flows (indirect method) would disclose the payment of a dividend Not yet answered Points out of 2.5 Select one: a. In the financing activities section b. In the investing activities section Flag question c. In the operating activities section d. In the production section Question 13 If the indirect method is used to prepare a statement of cash flows, which of the following would be added to net income to arrive at net cash flows from operating activities? Not yet answered Points out of 2.5 Select one: a. Decrease in accounts payable b. Increase in inventory P Flag question c. Decrease in prepaid expenses d. Increase in accounts receivable
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