21) Making a loan to another company is an example of a cash outflow from __________ activities. 22) In the indirect method of cash flows, a decrease in inventory would be __________ to net...







21) Making a loan to another company is an example of a cash outflow from __________ activities.







22) In the indirect method of cash flows, a decrease in inventory would be __________ to net income.







23) A decrease in prepaid insurance would be __________ to net income in the operating section of a cash flow statement using the indirect method.





24) When preparing the cash flow statement by the indirect method, if current liabilities increase, the difference is __________ to net income.







25) The cost of purchasing long-term assets, such as buildings and land, are __________ from __________.







26) Gains on the sale of long-term assets are __________ from __________ activities.







27) Losses on the sale of long-term assets are __________ to __________ activities.







28) Cash receipts from the sale of long-term assets, such as equipment and vehicles, are __________ to __________ activities.





29) Acquisitions and sales of long-term assets belong in the __________ section of a cash flow statement using the indirect method.







30) Changes in long-term liabilities belong in the __________ section of a cash flow statement using the indirect method.









May 15, 2022
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