9) In a statement of cash flows, the cash flows from investing activities section should report A) the factoring of accounts receivable B) a major overhaul of equipment C) stock dividends received D) the issuance of common stock in exchange for a factory building 10) Ralirali Corporation's financial statements included the following amounts for the current year: Based on this information, what is the amount of net cash flows from investing activities? A) $74,000 net inflow B) $43,000 net inflow C) $18,000 net outflow D) $49,000 net outflow 11) Which of the following items would not be reported in the financing activities section of th statement of cash flows? A) payment of dividends B) receipt from note receivable C) resale of treasury stock D) retirement of bonds payable 12) When preparing the statement of cash flows using the indirect method, which of the following is subtracted from net income to determine cash flows from operations? A) losses from equity method investments B) increases in deferred-tax assets C) bond discount amortization D) unrealized gains from available-for-sale securities 13) When using the indirect method to prepare the operating section of a statement of cash flows which of the following is added to net income to omperating section of a statement of casch riows B) decrease in of long-term asset C) bond discount amorred tax liability D) All of the above. 14) How is net income adjusted for pension costs under the indirect method? B) + pension expense - cash contributions C) - pension expense + cash contributions D) None of these 15) In 2017, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-for-maturity securities for $7,000. Net income for the year was $66,000 after deducting $8,000 in depreciation expense. There were no other transactions conducted during the period. What are the investing cash flows for BayKing? A) $24,000 B) $17,000 C) $13,000 D) $10,000 16) In 2017, Quintin Corp. reported net income of $255,000. Other transactions included: What is the amount of net cash flows from operations? A) $345,500 B) $254,500 C) $220,500 D) $194,500 9) In a statement of cash flows, the cash flows from investing activities section should report A) the factoring of accounts receivable B) a major overhaul of equipment C) stock dividends received D) the issuance of common stock in exchange for a factory building 10) Ralirali Corporation's financial statements included the following amounts for the current year: Based on this information, what is the amount of net cash flows from investing activities? A) $74,000 net inflow B) $43,000 net inflow C) $18,000 net outflow D) $49,000 net outflow 11) Which of the following items would not be reported in the financing activities section of th statement of cash flows? A) payment of dividends B) receipt from note receivable C) resale of treasury stock D) retirement of bonds payable 12) When preparing the statement of cash flows using the indirect method, which of the following is subtracted from net income to determine cash flows from operations? A) losses from equity method investments B) increases in deferred-tax assets C) bond discount amortization D) unrealized gains from available-for-sale securities 13) When using the indirect method to prepare the operating section of a statement of cash flows which of the following is added to net income to omperating section of a statement of casch riows B) decrease in of long-term asset C) bond discount amorred tax liability D) All of the above. 14) How is net income adjusted for pension costs under the indirect method? B) + pension expense - cash contributions C) - pension expense + cash contributions D) None of these 15) In 2017, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-for-maturity securities for $7,000. Net income for the year was $66,000 after deducting $8,000 in depreciation expense. There were no other transactions conducted during the period. What are the investing cash flows for BayKing? A) $24,000 B) $17,000 C) $13,000 D) $10,000 16) In 2017, Quintin Corp. reported net income of $255,000. Other transactions included: What is the amount of net cash flows from operations? A) $345,500 B) $254,500 C) $220,500 D) $194,500