Question: 56. Cash flows from operating activities, as reported on the statement of cash flows under the indirect method, would include a. receipts from the sale

56. Cash flows from operating activities, as reported on the statement of cash flows under the

indirect method, would include

a. receipts from the sale of investments.

b. net income.

c. payments for dividends.

d. receipts from the issuance of capital stock.

151. All of the following adjustments would be deducted in determining net cash provided by

operating activities except a(n)

a. increase in inventories.

b. depreciation expense.

c. gain on disposal of plant assets.

d. decrease in accrued expenses payable.

Can you explain both answers please?

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