28) A loss on sale of land will have the following effect on determining Cash Flows using the indirect method. A) Decrease cash flows B) Increase cash flows C) Could be either A or B depending upon the amount of loss D) No effect on determining Cash Flows using the Indirect Method

In which ways is the balance sheet impacted when by creating and depreciating assets? A) Assets decrease as the cash balance decreases when cash is spent on Capex B) Assets increase when capex is added to the fixed asset balance C) Equity decreases through retained earnings balance as depreciation is expensed in the P&L D) Assets decrease when the fixed asset balance as depreciation reduces the balance O A only O B only O Conly OD only O A, B, and D only OB and D only O All of the above

All parts detailed or skip

26.A gain on the sale of a plant asset in the ordinary course of business should be presented in a statement of cash flows prepared using the indirect method as an addition to net income  Group of answer choices True False