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1. What would be the correct order in which the following would be listed on a statement of cash flows? Cash paid for purchase of

  1. 1. What would be the correct order in which the following would be listed on a statement of cash flows?

    1. Cash paid for purchase of land, decrease in inventories, cash paid for dividends
    2. Cash paid for dividends, cash paid for purchase of land, decrease in inventories
    3. Decrease in inventories, cash paid for purchase of land, cash paid for dividends
    4. Decrease in inventories, cash paid for dividends, cash paid for purchase of land

    2. Fox Corporation reported the following on its year-end statement of cash flows:

    Net cash flow from operating activities $120,700
    Net cash flow used for investing activities (2,850)
    Net cash flow used for financing activities (19,000)
    Cash at the beginning of the year 52,500
    What is the amount of cash at the end of the year?

    1. $45,650
    2. $98,150
    3. $151,350
    4. None of these choices are correct.

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