1. A company has cash transactions with investments classified as trading and with investments classified as available for sale. The classification of these activities in the EFE is: Investments To Negotiate Investments Available For Sale A. Operational Operational b. Operational Investment c. Operational Investment d. Investment Investment 2. How are dividends received and dividends paid classified in the EFE? Dividends Received Dividends Paid A. Operational Operational b. Operational Financing c. Investment Financing d. Investment Investment 7. The cost of goods sold during the year amounted to $ 120,000. The beginning inventory was $ 22,000 and the ending inventory was $ 17,500. The balance of accounts payable at the beginning of the year was $ 29,000 and at the end of the year was $31,000. The cash paid to suppliers was: A. $113,500 B. b. $ 115,500 C. c. $ 120,000 D. d. $ 126,500