1. 1. Which of the following accounts would be analyzed to determine a companys cash flows from financing activities?

   1. Bonds Payable
   2. Dividends Payable
   3. Paid-In Capital in Excess of ParCommon Stock
   4. All of these choices are correct.

   2. Taylor Corporation had the following activities:

   • Recorded depreciation of $5,000
   • Received cash from the sale of common stock, $20,000
   • Purchased $10,000 of equipment with cash
   • Paid $4,000 income tax
   • Received $8,000 cash for the sale of an asset
   • Paid cash dividends, $10,000
   What is the amount of net cash flows from (used for) financing activities?
   1. $25,000
   2. $10,000
   3. $(14,000)
   4. None of these choices are correct.