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Unformatted text preview: On the statement of cash flows, the cash flows from operating activities section would include 1 a. payments for the acquisition of investments b. cash receipts from sales activities c. receipts from the sale of investments d. receipts from the issuance of capital stock Preferred stock issued in exchange for land would be reported in the statement of cash flows in 1 a. the cash flows from investing activities section b. a separate schedule c. the cash flows from financing activities section d. the cash flows from operating activities section A ten-year bond was issued at par for $150,000 cash. This transaction should be shown on a statement of cash flows under 1 a. financing activities b. investing activities c. operating activities d. noncash investing and financing activities Which of the following should be shown on a statement of cash flows under the financing activity section? 1 a. the proceeds from the sale of a building b. the payment of cash to retire a long-term note c. the issuance of a long-term note to acquire land d. the purchase of a long-term investment in the common stock of another company On the statement of cash flows prepared by the indirect method, the cash flows from operating activities section would include 1 a. amortization of premium on bonds payable b. receipts from the issuance of capital stock b....
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- Spring '10