1.)

For each of the following accounts, indicate whether the account shown is a temporary or permanent account: Account Temporary or Permanent 1. Cash [ Select ] ["Permanent", "Neither", "Temporary", "Both"] 2. Accounts Receivable [ Select ] ["Permanent", "Neither", "Both", "Temporary"] 3. Common Stock [ Select ] ["Temporary", "Permanent", "Both", "Neither"] 4. Accounts Payable [ Select ] ["Temporary", "Neither", "Permanent", "Both"] 5. Dividends [ Select ] ["Permanent", "Temporary", "Both", "Neither"] 6. Retained Earnings [ Select ] ["Permanent", "Both", "Neither", "Temporary"] 7. Rent Expense [ Select ] ["Permanent", "Both", "Temporary", "Neither"] 8. Unearned Revenue [ Select ] ["Permanent", "Both", "Temporary", "Neither"]

2.)

Classify each of the following items as an operating, investing, or financing activity. 1. Dividends paid. [ Select ] ["Financing", "Operating", "Investing", "All", "None"] 2. Sale of goods or services for cash. [ Select ] ["Operating", "Investing", "None", "Financing", "All"] 3. Sale of equipment. [ Select ] ["Operating", "Financing", "Investing", "All", "None"] 4. Purchase of inventory. [ Select ] ["Operating", "Investing", "None", "All", "Financing"] 5. Repayment of notes payable. [ Select ] ["Financing", "All", "Operating", "None", "Investing"] 6. Interest Received [ Select ] ["Investing", "Operating", "None", "Financing", "All"]

3.)

Wonders of Wild Life reports net income of $95,000. The accounting records reveal Depreciation Expense of $50,000 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $40,000, $23,000, and $20,000, respectively. Prepare the operating activities section of Wonders of Wild Life Cash Flow Statement using the indirect method.: ENTER SUBTRACTED AMOUNTS WITH A NEGATIVE SIGN (-)

Depreciation Expense Increase in Prepaid Rent Increase in Accounts Payable Increase Income Tax Payable Total Operating Cash Flow