1.Which of the following would be classified as a Non-Current Asset when drawing up a worksheet for the Statement of Cash Flow:

Accounts Receivable

Accounts Payable

Short-term Investments

Debt investments held to maturity

Bonds Payable

Inventory

Select one:

a. Debt investments held to maturity

b. None of these answers

c. Bonds Payable

d. Short term investments

e. All are Non-Current Assets

2.When Net Income is greater than Cash Flow to/from Operating Activities it means that:

Select one:

a. Cash Flow to/from Operating Activities is overstated

b. None of these answers

c. Net Income is Understated

d. Net Income is overstated

e. Cash Flow to/from Operating Activities is understated