Question 24 (0.5 points)

A decrease in inventory is subtracted from book net income to arrive at cash net income under the indirect method.

Question 24 options:

1)	True.
2)	False.

Question 47 (0.5 points)

If net income is $297,750 and the weighted average shares of common stock is 99,250, then basic earnings per share would be $3.00 per share.

Question 47 options:

1)	True.
2)	False.