When preparing the statement of cash flows using the indirect method for determining net cash flows from operating activities, depreciation is added to net income because: a) it is a significant portion of the year's expenses. b) it was deducted as an expense on the income statement and affects the amount of cash. c) it represents a source or inflow of cash. d) it was deducted as an expense on the income statement, but does not require cash.

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.