Reference no: EM132998791

Problem 1: Which of the following represents items that are usually converted to cash within a year?

Group of answer choices

Option 1: Current assets

Option 2: Goodwill

Option 3: Long-term bonds

Option 4: Long-term bonds

Problem 2: Cash flow statements are generally organized into major sections. Which of the following is usually not one of these sections?

Group of answer choices

Option 1: Cash flow from operating activities.

Option 2: Cash flow from lending activities.

Option 3: Cash flow from investing activities.

Option 4: Cash flow from financing activities