21 Question 28 (2 points) Which of the following would be classified as FINANCING INFLOW on the Statement of Cash Flows? 24 27 Repaid a bond payable Purchased Treasury Stock 30 Received a dividend on an investment 33 Sollnew shares of stock 36 Acquired a building by giving a long term note 39 Question 29 (2 points) Which of the following needs to be reported in the OTHER NONCASH INVESTING/FINANCING SECTION of the Statement of Cash Flows? 42 Issued a note payable when the company took out a bank loan 1 4 Question 30 (2 points) A company has a building that cost $100,000 and had been depreciated by $40,000, leaving a book value of $60,000. The building was sold during the year for $50,000. How would this affect the Statement of Cash Flows prepared on the indirect method? 7 A loss of $10,000 would be subtracted in the OPERATING SECTION; $60,000 would be added in the INVESTING SECTION. O A Loss of $10,000 would be added back in the OPERATING SECTION; $50,000 would be added in the FINANCING SECTION. 3 $50,000 would be subtracted in the INVESTING SECTION. $10,000 would be added in the FINANCING SECTION. $50,000 would be added in the INVESTING SECTION; $10,000 would be added in the Operating Section. 2 2 Question 31 (2 points) A company's board of director's declares a $50,000 STOCK dividend on Decer der noth the shareholders of record on January 2nd. The dividend is paid Janu 15th. Timidond affect the Balance Sheet da 21 24 Question 31 (2 points) A company's board of director's declares a $50,000 STOCK dividend on December 20th, the shareholders of record on January 2nd. The dividend is paid January 15th. On December 31st, how would this dividend affect the Balance Sheet dated December 31? 27 30 The declaration of the dividend does not affect the balance sheet because it has not yet been paid. 33 Declaration of the dividend would decrease Retained Earnings and increase stock dividends payable which is a current liability account. 6 Declaration of the dividend would increase Retained Earnings and increase Stock Dividends Distributable which is a current liability. 9 Declaration of the stock dividend would decrease Retained Earnings and increase Stock Dividends Distributable which is an Owners Equity Account with a credit balance. 2. Question 32 (2 points) Which of the following is most likely to appear in the Owners Equity se on of a