31) All current assets EXCEPT __________ are adjusted to net income in the operating section of an indirect cash flow statement.
32) Activities that increase and decrease as a result of selling a company's shares are __________ activities.
33) An increase in long-term mortgage payable would mean an increase in cash flow from __________ activities.
34) Transactions involving the purchase and sale of long-term assets, lending money, and collecting the principal on loans are called __________ activities.
35) The Accounts Payable balance has decreased during the year. How would this affect the cash flow statement operations section under the indirect method?
36) The Supplies balance has decreased during the year. How would this affect the cash flow statement operations section under the indirect method?
37) The Accounts Receivable balance has decreased during the year. How would this affect the cash flow statement operations section under the indirect method?
38) Casey Company reported net income of $35,000; depreciation expenses of $20,000; an increase in accounts payable of $2,000; and an increase in current notes receivable of $3,000. Net cash flows from operating activities under the indirect method is __________.
39) Amanda Industries reported net income of $52,000; depreciation expenses of $13,000; a gain on a land sale of $3,000; and a decrease in accounts receivable of $1,500. Under the indirect method, net cash flows from operations is __________.
40) Accounts receivable amounted to $215,000 at the beginning of the year and $245,000 at the end of the year. Income reported on the income statement for the year was $300,000. The cash flow from operating activities on the cash flow statement using the indirect method is __________.