1. A firm has a net income of 300, an increase in accounts receivables of 30, depreciation of 55 and a decrease in accounts payable of 25.What is its operating cash flow (CFO)?

2. Which one of the following is an example of cash inflow from an investing activity: (a) increase in accounts payable, (b) decrease in accounts receivable, (c) increase in gross PPE, (d) capital expenditure

3. Which one of the following is not a current asset? (a) accumulated depreciation, (b) accounts receivable, (c) notes receivable, (d) inventory

4. Which one of the following is a liability that arises from financing activities? (a) accounts payable, (b) notes payable, (c) deferred taxes payable, (d) accrued expenses

5. Which one of the following is a source of cash? (a) capital expenditure, (b) increase in inventory, (c) increase in long term investments, (d) increase in deferred tax liability