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1. 2 3 Cash loaned out to another corporation would be reported in which section of the Statement of Cash Flows? a Operating Activities b. Investing Activities c. Financing Activities d. This would not be reported on the Statement of Cash Flows. A payment of Dividends to the stockholders would be reported in the Imesting Activities section of the Statement of Cash Flows True b. False Which of the following would be included in cash flows from flowincing activities? a. Cash received from a bank loan b. Cash receipts from sales of inventory) c. Cash payments for new office furniture d. Cash payments of employee wages Which of the following items would be added to Net Income when using the indirect method to calculate Net Cails Flows from Operating Activities? I. Decrease in accred liabilities b. Docrease in Accounts Payable c Decrease in Inventory d. Increase in Accounts Receivable 5. XYZ Company had Not Income for the year of $120,000 Prepaid Expenses decreased by $12,000 during the year, Accrued liabilities decreased by $10,000, and Taxes l'ayable increased by $4,000. What was the Net Cash Flow from Operating Activities using the Indirect Method assume that no other account balances changed that would impact the computation) a. $122.000 CSI14.000 b. $138.000 d. $126.000 The Financial Accounting Standards Board prefers that companies use the Direct Method to report Net Cash Flows from Operating Activities a. True b. False

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