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49. Fall Corporation acquires land by issuing common stock. This transaction is: A) only reported if the statement of cash flows is prepared using the direct method. B) considered a noncash transaction and would be reported in the body of a statement of cash flows under either the operating, financing or investing sections. C) considered a noncash transaction that is not reported in the body of a statement of cash flows but reported instead as supplemental information D) considered a cash transaction and would be reported in the body of a statement of cash flows. 50. Assume that the Fall Corporation uses the indirect method to depict cash flows. Indicate where, if at all, the retirement of long-term debt instruments by cash payments would be classified on the Statement of Cash Flows: A) Operating activities section. B) Investing activities section. C) Financing activities section. D) Would not be presented on a cash flow statement. 51. Which of the following is not a tool in financial statement analysis? A) Horizontal analysis B) Vertical analysis C) Circular analysis D) Ratio analysis 52. Horizontal analysis: A) is a technique for evaluating a series of financial statement data over a period of time. B) is also known as trend analysis. C) is used to determine the increase or decrease that has taken place. D) is expressed as either an amount or a percentage. E) All of the above. 53. Liquidity Ratios: A) Measure the short-term ability of the company to pay its maturing obligations and to meet unexpected needs for cash. B) Measure the ability of the company to survive over a long period of time C) Measure the income or operating success of a company for a given period of time. D) None of the above. [13]

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