21. How is depreciation expense classified on the statement of cash flows? 22. What are the two methods used to prepare the statement of cash flows? 23. When the...

21. How is depreciation expense classified on the statement of cash flows?

22. What are the two methods used to prepare the statement of cash flows?

23. When the indirect method is used to prepare the statement of cash flows, what is the starting point of the operating activities section?

24. When the indirect method is used to prepare the statement of cash flows, are increases in current liabilities added or subtracted from net income to arrive at the net cash flow?

25. Can a company have a negative cash flow from operating activities for the year but still have a net income on the income statement? Explain.