18) Each of the following would b e reported as items of other comprehensive income except A) Foreign currency translation gains C) Gains from the sale of equipment. c gnrealized gains on investments accounted for as securities available for sale D) Deferred gains from derivatives. the statement of cash flows: 1 19) In comparing the direct method with the indirect method of preparing t A) Only financing activities are presented differently B) Only investing activities are presented differently C) Only operating activities are presented differently. D) All activities are presented differently .20) Which one of the following financial statements does not report amounts primarily on an basis? A) Statement of cash flows B) Income statement. C) Balance sheet. D) Statement of shareholders' equity 21) Which of the following never requires an outflow of cash? A) Early extinguishment of debt. B) Retirement of common stock. C) Amortization of patent. D) Payment of dividends. 22) All of the following may qualify as cash equivalents except: A) U.S. Treasury bills B) Money market accounts. C) Certificates of deposit. D) Newly issued corporate bonds. 23) The primary objective of the statement of cash flows is to provide information about a companys A) Financial position. B) Cash receipts and disbursements. C) Noncash financing and investing activities. D) Profitability 24) A firm reported salary expense of S239,000 for the current year. The beginning and ending balances in salaries payable were $40,000 and S15,000, respectively. What was the amount of cash paid for salaries? A) $214,000. B) $239,000. C) S264,000. D) S289,000