Which of the following circumstances would require an addition adjustment to net income when determining operating cash flow under the indirect method?

Cash inflow > related revenue recognized

Cash outflow < related expense recognized

Loss is included in net income that should be appropriately classified as an investing or financing activity

All of the above

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How is depreciation expense reported in the operating cash flows section of the statement of cash flows?

As an addition adjustment under the indirect presentation format

It is not reported at all under the direct presentation format

Each of the above is true

None of the above is true

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Under the indirect method, which of the following would be added to net income when determining net cash flows from operating activities?

Gain on the sale or a used truck

Amortization expense

Increase in inventory

Decrease in accounts payable