8. A machine with a cost of $175,000 and accumulated depreciation of $94,000 is sold for $87,000 cash. The amount reported as a source of cash under cash flows from investing activities. Determine the type of this activity. ______________________________________________________________________________

9. Explain what the cash coverage of growth ratio implies to financial analysts. ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

10. Explain the purpose of the statement of cash flows. ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________