Question: suppose we are looking at the cash flow statement constructed using the INDIRECT method. We see positive adjustments in the operating section of $1000 for

suppose we are looking at the cash flow statement constructed using the INDIRECT method. We see positive adjustments in the operating section of $1000 for Depreciation. which of the following are correct interpretations of this? SELECT ALL THAT APPLY

1. The firm sold long-term assets for $1000

2. Income was lowered by $1000 because of depreciation expense

3. Depreciation provided cash of $1000

4. The firm invested $1000 in long term assets

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