7. In the statement of cash flows, which of the following is considered an investing activity? Purchase of machinery Purchase of a new coffee maker for the office Purchase of inventory Purchase of insurance for the vehicle fleet 8. The statement of financial position that shows a snapshot of the company at a specific point in time is referred to as the income statement statement of cash flows balance sheet statement of retained earnings Which of the following transactions would not be recorded as a liability in July, based on the three requirements for a liability, for Company DEF? The CEO of DEF gets a speeding ticket in July while driving to an important meeting for DEF that he is late for. Employees for DEF work overtime in July and will be paid in August. DEF purchases and takes delivery for inventory in July, but will not pay until August. DEF borrows $500,000 in July from their local bank. The money will be paid back in 3 months. The following question is based on the cash T-account for XYZ Industries as of December 31, 2019 . What is XYZ's 2019 cash flow from financing activities