Question: QUESTION 17 When preparing a statement of cash flows using the indirect method, which of the following is correct? O Proceeds from the sale of
QUESTION 17 When preparing a statement of cash flows using the indirect method, which of the following is correct? O Proceeds from the sale of equipment should be added to net income in the operating activities section O A loss on the sale of land should be added to net income in the operating activities section. O The declaration of a cash dividend should be a use of cash in the financing activities section 0 The issuance of a stock dividend should be a use of cash in the financing activities section O The purchase of land and a building by issuing a long-term note payable should be a source of cash in the financing activities section. ick Save and Submit to save and submit Click Save All Answers to save all answers
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