Question: When using the indirect method to prepare the operating section of a statement of cash flows, a loss on the sale of a copyright and

When using the indirect method to prepare the operating section of a statement of cash flows, a loss on the sale of a copyright and interest earned on a note receivable would both be added back as an adjustment to net income. (True/False)

A statement of cash flows would not disclose the conversion of a bond into common stock. (True/False)

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