1. How should the date in the header of this Classified Balance Sheet read?

A. Dec 31, 20xx

B. For the month ended Dec 31, 20xx

C. For the year ended Dec 31, 20xx

D. There is not enough information given the problem to determine this

2. Identify the following statement of cash flow item as operating (O), investing (I), financing (F), or non-cash (N) and indicate if it is Source (+) or Use (-) of cash. You will choose two answers here - one for the section and one for the cash flow.

Loss on sale of land

A. Operating

B. Investing

C. Financing

D. Source

E. Use