QUESTIONS Under the indirect method increases incurrent liabilities are deducted from net income reported on the Income statement in determining cash flows from operating activities TU False QUESTIONS Noncash investing and financing activities that may have a significant effect on future cash flows should be included in a separate schedule to the statement of cash flows O True False QUESTION 7 The correct amount to include in cash flows from financing activities is cash dividends paid, not ash dividends declared True O False QUESTIONS The analysis of retained earnings provides a starting point for determining cash flows from operating activities under the indirect method True Fate QUESTION 9 The direct method provides mercreure of cash flows from operating activities than does the indirme 0 The File QUESTION 10 Under the direct method the increase in the trade receivables account is deducted from sales to determine the circolved from customer True o Falso Chelsea Submit to save and submit Chal Save Allowa