14) Which of the following describes the operating activities section of the statement of cash flows? A) It includes cash transactions that primarily affect current assets and current liabilities. B) It shows the beginning and ending balances of cash. C) It includes cash transactions that essentially increase or decrease the long-term assets of a business. D) It includes cash transactions affecting the capitalization of the business. MITTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. *15) Davis Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014: Operating expenses, $26,000 Accrued Liabilities, beginning balance, $3,000 Accrued Liabilities, ending balance, $5,000 What amount was paid to suppliers for operating expenses on a cash basis? A) $31,000 B) $24,000 C) $28,000 D) $29,000 L. OMIT at depending on the maturity date. A) Trading investments Held-to-maturity investments OMIT B) Matured investments D) Equity investments 16) Green Services invests its excess cash in Creative Technologies and acquires 1,000 shares for $33.25