Question: statement transactions that were originally reported on a cash basis and projecting this amount to the entire array of income statement transactions. Question 5 (1

statement transactions that were originally reported on a cash basis and

statement transactions that were originally reported on a cash basis and projecting this amount to the entire array of income statement transactions. Question 5 (1 point) When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by/used by operating activities? 1) All of these are added to net income to arrive at cash flow from operating activities. 2) Depreciation of equipment. 3) Gain on sale of land. 4) Increase in accounts receivable. Question 6 (1 point) Which of the following is an operating activity? 1) cash collected from customers

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