Reference no: EM132530115
Question 1: Which of the following is an example of a cash inflow from a financing activity?
Multiple Choice
Option 1: Issuance of bonds.
Option 2: Sale of an intangible asset.
Option 3: Receipt of cash dividends.
Option 4: Purchase of land.
Question 2: Operating cash flows can be described as:
Multiple Choice
Option 1: Change in total cash for the year.
Option 2: Purchase and sale of long-term assets.
Option 3: Cash-basis net income.
Option 4: Total revenues minus total expenses.
Question 3: The purchase of treasury stock is classified in the statement of cash flows as a(n):
Multiple Choice
Option 1: Operating activity.
Option 2: Investing activity.
Option 3: Financing activity.
Option 4: Noncash activity.
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