Question: Question completion Status: QUESTION 19 When using the Indirect method to prepare the operating activities section of the statement of cash flows, how is a
Question completion Status: QUESTION 19 When using the Indirect method to prepare the operating activities section of the statement of cash flows, how is a decrease in current habilities handied? O. It is subtracted from current assets in the cash flows from financing activities section Obit is added to inventory purchases in the cash flows from investing activities section OIt is subtracted from net income in the cash flows from operating activities section O d. It is added to net income in the cash flows from operating activities section QUESTION 20 How is the depreciation of equipment reported in a statement of cash flows that is prepared using the direct method? O a A decrease in cash flows from operating activities. Ob A decrease in cash flows from investing activities. O Not reported Od An increase in cash flows from operating activities. QUESTION 21 In a statement of cash flows, receipts from sales of property, plant and equipment generally are classified as: Operating activities Ob Selling activities O Financing activities Od. Investing activities QUESTION 22
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