QUESTION 1 When reporting operating activities by the indirect method in a statement of cash...
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Accounting
QUESTION 1 When reporting operating activities by the indirect method in a statement of cash flows O increases in operating assets are added back to net income O increases in operating liabilites are subtracted from net income. O gains are added back to net income. O amortization is added back to net income QUESTION 2 Interest payments to creditors are reported in a statement of cash flows as: O An investing activity. 0 A borrowing activity @ A financing activity O An operating activity
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