19.Which of the following activities is presented in the Investing Activities Cash Flows section?

a) Cash sale of machinery

b) Payment of contributions

c) Payment of the principal of a long-term debt

d) Sale of shares in portfolio (treasury stocks)

20.Which of the following is NOT included in a company's annual report?

a) The financial statements and the notes to the financial statements.

b) Analysis and management discussion (management discussion & analysis).

c) Information on long-term debts of the company's managers.

d) The opinion of the external auditors.