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Unformatted text preview: Acct-101 Quiz 16 The statement of cash flows reports cash flows from operating activities total assets total changes in stockholders' equity changes in retained earnings Cash paid to purchase long-term investments would be reported in the statement of cash flows in the cash flows from operating activities section the cash flows from financing activities section the cash flows from investing activities section a separate schedule Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash? purchase of noncurrent assets purchase of treasury stock discarding an asset that had been fully depreciated payment of cash dividends Which of the following should be shown on a statement of cash flows under the financing activity section? the purchase of a long-term investment in the common stock of another company the payment of cash to retire a long-term note the proceeds from the sale of a building the issuance of a long-term note to acquire land Which of the following below increases cash? depreciation expense acquisition of treasury stock borrowing money by issuing a six-month note the declaration of a cash dividend Accounts receivable arising from trade transactions amounted to $44,000...
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This note was uploaded on 03/01/2010 for the course ACCT 2301 taught by Professor White during the Spring '08 term at Central Texas College.
- Spring '08
- Financial Accounting