70) When long-term investments in bonds are sold before their maturity date the

70) When long-term investments in bonds are sold before their maturity date the seller deducts any accrued interest since the last interest payment date from the
selling price.
a. true
b. false 71) A major disadvantage of the indirect method of reporting cash flows from operating activities is that the difference between the net amount of cash flows from
operating activities and net income is emphasized.
a. true
b. false 72) Cash outflows from financing activities include the payment of cash dividends the acquisition of treasury stock and the repayment of amounts borrowed.
a. true
b. false 73) The acquisition of land in exchange for common stock is an example of noncash investing and financing activity.
a. true
b. false