Which of the following is a noncash expense? A: Depreciation B: Payroll expenses just paid C: Deferred taxes D: purchase cost

Cash<br/>flows are grouped in the statement of cash flows into the following<br/>major categories( ) A: Cash receipts, cash disbursements, and noncash activities B: Direct cash flows and indirect cash flows C: Operating activities, investing activities, and financing activities D: Operating activities, investing activities, and collecting activities

In a three-step process for converting cash flow from the indirect to direct presentation, which of the following statements is most accurate The last step in the process is to:（） A: aggregate all revenues and all expenses. B: convert accrual amounts to cash flow amounts by adjusting for working capital changes. C: remove all noncash items from aggregated revenues and expenses and break out remaining items into relevant cash flow items.