1. The balance of cash reported in the balance sheet this year minus the balance of cash reported in the balance sheet last year equals:

A. Net cash flows from operating activities only

B. Net income

C. Net cash flows from operating, investing, and financing activities

D. Net cash flows from financing activities only

2. Which of the following is an example of a cash inflow from a financing activity?

A. Issuance of bonds.

B. Sale of an intangible asset.

C. Receipt of cash dividends.

D. Purchase of land.