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Which of the activities sections of the statement of cash flows would include a loss of $20,000 from the sale of equipment? Investing Financing Operating Would not be on the statement of cash flows QUESTION 20 Cash recelved from providing services would be considered a cash outflow from operating activities. cash inflow from investing activities. cash inflow from financing activities. cash inflow from operating activities. QUESTION 21 The purchase of inventory would be considered a cash outflow from financing activities. cash outflow from depreciation. cash outflow from operating activities. cash outflow from investing activities. QUESTION 22 Which of the following statements is true about information in a statement of cash flows? The statement of cash flows is combined with the income statement. The statement of cash flows is one of the required financial statements for publicly-held companies. The statement of cash flows is not completed when an income statement is prepared. The statement of cash flows is prepared at the option of management. On the statement of cash flows, which of the following sections includes the purchase and sale of treasury stock? Operating section Financing section Investing section None of the above The financing section from the statement of cash flows includes activities that create revenue, expenses, gains and losses. operating investing None of the above QUESTION 24 Which of the following would be considered an operating activity on the statement of cash flows? The receipt of stock dividends from investment stock Purchase of land Dividends paid to stockholders The sale of inventory

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