Reference no: EM132759388
Problem 1: When using the indirect method, which of the following would be included in the net cash flows from operating activities section of a cash flow statement?
a. sales of plant, property and equipment
b. making loans and paying out interest
c. payment of interest and expenses
d. issuing bonds and notes
Problem 2: If bonds are sold between interest payments dates, the amount of cash the issuer receives is
a. more than the market value of the bonds
b. less than the market value of the bonds
c. equal to the market value of the bonds
d. equal to the face value of the bonds