When preparing the statement of cash flow using the direct method, IFRS requires that cash paid for income taxes be separately reported. True False Question 28 (1 point) ] When preparing the statement of cash flow using the direct method, cash received from customers (sales) would include accounts payable. True False Question 29 (1 point) ] Retained earnings had an opening balance of $450,000 and an ending balance of $524,000. Net income for the year was $100,000. Dividends declared must have been $26,000. True False