6 In determining cash flows from operating activities using the indirect method, adjustments to net income should not include: a. An addition for depreciation expense b. An addition for bond discount amortization c. An addition for gain on sale of equipment d. And addition for patent amortization Lite Travel Company's accounting records include the following information: Payments to suppliers $50,000 Collections on accounts receivable 79,000 Cash sales 44,000 7. What is the amount of net cash provided by operating activities by the amounts provided? a. $50,000 b. $73,000 c. $94,000 d. $129,000 8. Which of the following is reported as an operating activity in the statement of cash flows? a. The purchase of long lived assets b. The acquisition of treasury shares The retirement of bonds d. The payment of prepaid insurance 9 A firm reported salary expense of $239,000 for the current year. The beginning and ending balances in salaries payable were $40,000 and $15,000 respectively. What was the amount of cash paid for salaries? $214,000 b. $289,000 $264,000 C a C