Question 19 5 pts Using the indirect method to prepare the statement of cash flows, dividends paid during the year are added to net income in the operating activities section subtracted from net income in the operating activities section shown as a cash outflow in the financing activities section shown as a cash outflow in the investing activities section Question 20 The carrying amount of bonds issued at a discount is calculated by Subtracting interest Expense from Bonds Payable Subtracting interest Payable from Bonds Payable Subtracting Discount on Bonds Payable from Bonds Payable subtracting the sum of Discount on Bonds Payable and interest Payable from Bonds Payable Question 21 5 pts If a long-term plant asset is impaired, the company is required to adjust the carrying value downward to its expected tuture cash flows present value