Question: True or false: Under the indirect method to prepare the statement of cash flows, a loss on- the sale of long-term assets is added to

True or false:

Under the indirect method to prepare the statement of cash flows, a loss on- the sale of long-term assets is added to net income when calculating Net Cash Provided by Operating activities.

When performing a vertical analysis of the income statement, each line item is stated as a percentage of net income.

An increase in common stock would be listed as an investing activity when preparing the statement of cash flows under the indirect method.

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