6. The following information is available for Kuwait Corp. for the year ending December 31, 20XO. KUWAIT CORP. INFORMATION AVAILABLE FOR STATEMENT OF CASH FLOWS FOR YEAR ENDING DECEMBER 31, 20X0 Cash received from customers Rent received Cash paid to suppliers and employees Taxes paid 700,000 24,000 575,000 100,000 75,000 What was the net cash inflow (outflow) from operating activities for 20X0? (a) S( 26,000). (b) S 125,000. (c) S( 50,000). (d) S 49,000. 7. Which of the following should be included in a company's summary of significant accounting policies? (a) During the year, a segment of the business was sold. (b) Future dividends on common stock are expected to increase by 10%. (c) An extraordinary loss of $20,000 occurred during the year. (d) Property, plant, and equipment is recorded at cost and depreciation is computed using the straight line method. 8. In financial reporting for segments of a business enterprise, the revenue of a segment should include: (a) Intersegment billings for the cost of shared facilities. (b) Intersegment sales of services similar to those sold to unaffiliated (c) (d) customers. Extraordinary items. Equity in income from unconsolidated subsidiaries