2.
Cash paid to purchase long-term investments would be reported inthe statement of cash flows in
the cash flows from investing activities section
a separate schedule
the cash flows from financing activities section
the cash flows from operating activities section
3.
Which of the following should be shown on a statement of cash flowsunder the financing activities section?
the payment of cash to retire a long-term note
the proceeds from the sale of a building
the purchase of a long-term investment in the common stock ofanother company
the issuance of a long-term note to acquire land
4.
On the statement of cash flows prepared by the indirect method, thecash flows from operating activities section would include
payments for cash dividends
receipts from the issuance of capital stock
amortization of premium on bonds payable
receipts from the sale of investments