Question one consists of two true/false and three MCQ value 1 mark each. Mark an X beside the correct answer 1 Under the indirect method, secreases in nor-cash current assets are added to prath 2 information to prepare the statement of cash fiows usuatily comes from (a) comparative balance sheots, (b) current income statements, and (c) additional information, 3 Use the indirect method to calculate the net cash provided (or used) by operating activities based on the following information. 4 A machine wth a cost of $190,000 and accumulated depreciation of $95,000 was ssid for $50,000 cash. The amount that should be reparted as a source of cash under cash fows from investing activities is 5 Dispositions of non-current assets a) Have no impact on cash flows b) Are investing activities and can involve cash inflows c) Can involve cash inflows d) Have no impact on cash flows and are investing activities e) Are investing activities