70.2K

Verified Solution

Link Copied!

Question 40 8 points Save Answe The Statement of Cash Flows: Lists all cash flows over the life of a company. OA. B. Breaks down all cash transactions into investing and financing cash flows. Shows that the change in total cash from one year to the next is equal to the net operating, investing, and C. financing cash flows. Shows the change in the owners' equity account. OD Question 41 8 points Save Answer Which of the following is an example of a cash flow from financing activities? purchase of equipment . payment of cash dividends OB. sale of patent . sale of a building OD Question 42 The following information is taken from a company financial statements: Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of common stock Payment of cash dividends Purchase of equipment $33,000 $10,000 $16,000 $18,000 $43,000 $6,000 $35,000 Using the information above, what is net cash flows from operating activities? $9,000 OA $41,000 OB $77,000 . $8,000 OD Question 43 The following information is taken from a company financial statements: Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of common stock Payment of cash dividends Purchase of equipment $33,000 $10,000 $16,000 $18,000 $43,000 $6,000 $35,000 Using the information above, what is net cash flows from investing activities? ($35,000) OA $35,000 OB. $77,000 $8,000 OD

Answer & Explanation Solved by verified expert

See Answer