1.Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
A.depreciation expense
B.gain on sale of land
C.a loss on the sale of equipment
D.dividends declared and paid
2.Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
A.a decrease in inventory
B.a decrease in accounts payable
C.preferred dividends declared and paid
D.a decrease in accounts receivable