QUESTION 9 When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted from net income to compute cash provided by used by operating activities? A Decrease in accounts receivable. B. Gain on sale of land C.Amortization of patent D. All of these are deducted from net income to arrive at cash flow from operating activities QUESTION 10 The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 was $1,164,000. Net income for 2021 was S1000,000. A stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. A cash dividend was declared and paid The stock dividend should be reported on the statement of cash flows (indirect method) as A an outflow from investing activities of S720,000. B. an outflow from financing activities of S720,000 C. an outflow from financing activities of $500,000 D. stock dividends are not shown on a statement of cash flows