8,000 8,000 b. Stock lnvestments cCash.. d. Cash Cash 3,000 5,000 Gain on Sale of Stock Investments Stock Investments 8,000 8,000 Stock Investments Under IFRS, bank overdrafts are classified as a operating activities. b. investing activities. c. financing activities d. cash and cash equivalents 14. 15. Which of the following activities is excluded from the statement of cash flows under IFRS? a. Financing activities b. Investing activities c. Noncash investing and financing activities d. Operating activities 16. Each of the following items may be classified as operating or financing activities under IFRS ese a dividends paid. b. dividends received. interest paid. d. c. All of the above may be classified as such. 17. The debt to assets ratio measures the company's profitability b. a. whether interest can be paid on debt in the current year the proportion of interest paid relative to dividends paid. c. d. the percentage of the total assets provided by creditors. 18. Trading on the equity (leverage) refers to the a. amount of working capital. b amount of capital provided by owners c. use of borrowed money to increase the return to owners d. number of times interest is earned. 19. The current assets of Myers Company are $250,000. The current liabilities are $100,000. The current ratio expressed as a proportion is a. 250%. b. 2.5:1 c. 25:1 d. $250,000 $100,000. 20. Direct materials and direct labor of a company total $9,000,000. If manufacturing overhead is $4,000,000, what is direct labor cost? a. $5,000,000 b. $9,000,000 C. $0 d. Cannot be determined from the information provided 21. Which of the following are period costs? a. Raw materials b. Direct materials and direct labeor c. Direct labor and manufacturing overhead d. Selling expenses