13. In order to be economically viable in the long run, what must a business generate?

a. Negative financing activities, positive investing activities, and positive operating activities

b. Positive operating activities

c. Positive investing, financing, and operating activities

d. Negative investing and financing activities and positive operating activities

-----------------------------------------------------------------------------------------------------------------------------------------

18. Watley Surf Shop provided the following information for the current year:

Category	Cost
Proceeds from sale of equipment	$120,000
Dividends paid to stockholders	16,000
Purchase of inventories on account	92,000
Borrowing a long-term loan	60,000
Loan principal payments made	14,000
Interest paid on loan payments	1,000
Purchase of land for cash	65,000
Payment for inventory previously acquired on account	85,000
Cash collected from customers	450,000

How much is the net cash provided/(used) by financing activities during the year?

Group of answer choices

a. $29,000

b. ($56,000)

c. ($90,000)

d. $30,000

-----------------------------------------------------------------------------------------------------------------------------------------

20. Which one of the following is a common use of the statement of cash flows by investors?

a. To determine if the company can generate enough cash to acquire another company

b. To determine if the company can generate enough cash to pay cash dividends to stockholders

c. To determine if the company can generate enough cash to pay its employees

d. To determine if the company can generate enough cash to buy equipment