Question Four For each assertion state whether the assertion is true or false and briefly explain why it is true or false. If a statement contains more than one false assertion identify all the false assertions. All of these assertions are connected to the cash flows from operating activities section of the statement of cash flows. 1. A firm adds $2 million back and notes that it was due to a change in net working capital. This means that inventories went up and/or accounts receivables went up and/or accounts payable went down. 2. A firm adds $4 million back noting that it is making an adjustment for gains/losses from selling off investments. This shows that the firm made a profit of $4 million when it sold off the investment. 3. A firm adds $3 million back for accounts payable. This shows that the firm's account payables went up? 4. The adjustment for depreciation expense can never be negative >