16. The investing section of the Statement of Cash Flow reports:

a. Change in fixed asset gross book and accumulated depreciation accounts

b. Change in fixed assets balance

c. Cash received for selling fixed assets and outflows for purchases

d. Gains and losses on fixed assets

17. Financing Activities include activities such as: Select all that apply

a. Cash from sale of common stock

b. Payment of accounts payable

c. Sales of marketable securities

d. Cash from a bond issue

18. A measure of a companys ability to fund its capital expenditures and dividends from its net cash provided by operating activities is called

a. Real cash flow

b. Liquidity

c. Residual cash flow

d. Free cash flow

19. A document with comparative balance sheets for several years showing changes between the years in dollars and percentages is called a

a. horizontal analysis

b. good information

c. vertical analysis

d. common size statement analysis

20. A common way to illustrate trends especially for an executive presentation to aid the participants in seeing the change in data over several years is best shown as

a. comparative balance sheets

b. a spreadsheet

c. a graph

d. a financial statement

21. A vertical analysis in which each financial statement item is expressed as a percentage is known as

a. a graph

b. a common size balance sheet

c. metric comparisons

d. horizontal analysis