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1. Which of the following cash flows belong to cash flows from A. Paid cash to purchase a machine Cash flow from issuance of long-term
1. Which of the following cash flows belong to cash flows from A. Paid cash to purchase a machine Cash flow from issuance of long-term debt Paid employee salary R. Sold an equipment and receive cash 2. Which one of the following cash flow activity is related to ommon stock to investors? A. Operating activities B Financing activities C. Investing activities D. Investing and financing activities 3. Which of the following transactions would be considered an investing activity on a Statement of Cash Flows?: A. Purchased machine for $6,000 cash. B. Paid $30,000 income tax. C. Sold common stocks for $200,000 cash to stockholders. D. Paid $55,000 for inventory for resale. 4. In January, Papa John's paid $7,000 for utilities, repairs, and fuel for delivery velieles, all considered general and administrative expenses incurred during the month. A. Debit: General and Administrative Expense; Credit: Cash. B. Debit: Cash; Credit: General and Administrative Expense. C. Debit: Vehicle: Credit: Cash. D. Debit: Prepaid Insurance: Credit: Cash. (Two more questions in the back)
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