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When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income
When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash flows from operating activities?
A) gain on sale of long-term asset
B) bond discount amortization
C) decrease in deferred tax liability
D) All of the above
Which of the following is not a cash inflow from financing activities?
A) purchase of bond investment
B) issuance of stock
C) sale of bonds payable
D) sale of treasury stock
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