Question 34 (2 points) If a company has both an inflow and outflow of cash related to property, plant, and equipment, the investing activities section in the two cash effects must be netted and presented as one item O cash inflow and cash outflow must be reported separately O cash outflow only is presented O cash inflow and cash outflow can either be reported separately or presented as one item Save Question 35 (2 points) Loster Company reported a net loss of $10,000 for the year ended December 31, 2007, During the year, accounts receivable decreased $5,000, merchandise inventory increased $8,000, accounts payable increased by $10,000, and depreciation expense of $5,000 was recorded. During 2007, operating activities O used net cash of $2,000 O used net cash of $8,000 provided net cash of $2,000 provided net cash of $8,000 Save Question 36 (2 points) Using the indirect method, patent amortization expense for the period is deducted from net income O causes cash to increase causes cash to decrease O is added to net income