4. Which of the following would not be reported in the operating activities section of a cash flow statement?

Cash paid for dividends to stockholders.

Cash paid for interest expense.

Cash paid for employee wages.

Cash received from customers. --------------------------------

5. An account payable would be reported within which of the following financial statements?

Statement of cash flows. Income statement.

Balance sheet.

Statement of retained earnings. ---------------------------

10. Which of the following describes the impact on the balance sheet of paying a current liability using cash?

Current assets will decrease.

Current liabilities will increase.

Stockholders' equity will decrease.

Total assets will remain the same. ------------------------------------------------------- 16. Which of the following describes the reporting of interest expense on the income statement?

It is reported as an operating expense.

It is a component of operating income.

It is deducted from operating income.

It is added to operating income. -------------------------------------------------------

17. Smith Corporation has provided the following information:

Cash sales totaled $125,000. Credit sales totaled $279,000. Cash collections from customers for services yet to be provided totaled $38,000. An $11,000 gain from the sale of property and equipment occurred. Interest income totaled $7,700. How much were Smith's operating revenues?

$404,000.

$411,700.

$442,000.

$460,700.