Question: 1.When preparing a statement of cash flows using the direct method, amortization of a patent is a. shown as an increase in cash flows from

1.When preparing a statement of cash flows using the direct method, amortization of a patent is

a. shown as an increase in cash flows from operating activities.
b. shown as a reduction in cash flows from operating activities.
c. included with supplemental disclosures of noncash transactions.
d. not reported in the statement of cash flows or related disclosures.

2.Cash equivalents would not include short-term investments in

a. money market funds.
b. available-for-sale securities.
c. commercial paper.
d. certificates of deposit.

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