1. Cash flows from __________ activities are the cash flows from transactions that affect the net income of a company.

1. operating
2. investing
3. financing
4. purchasing

2. Cash flows from __________ activities are the cash flows from transactions that affect the debt and equity of the company.

1. investing
2. operating
3. financing
4. purchasing

3. Which of the following would appear in the computation of net cash flow from operating activities if using the direct method?

1. Cash received from customers
2. Net income
3. Increase in accounts payable
4. Increase in supplies

4. Cash inflows from investing activities normally arise from all of the following EXCEPT

1. selling fixed assets.
2. issuing stock.
3. selling investments.
4. selling intangible assets