1a.) The statement of cash flows reports

	total changes in stockholders' equity
	cash flows from operating activities

	changes in retained earnings
	total assets

1b.) On the statement of cash flows, the cash flows from financing activities section would include all of the following except

	payments for purchase of treasury stock
	payments for dividends

	payments of interest on bonds payable
	receipts from the sale of bonds payable

1c.) A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under

	operating activities
	financing activities

	investing activities
	noncash investing and financing activities

1d.) Accounts receivable arising from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

	$111,000.
	$120,000.

	$151,000.
	$129,000.

1e.) Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in

	the cash flows from operating activities section
	a separate schedule

	the cash flows from financing activities section
	the cash flows from investing activities section