$9.$The primary purpose of the statement of cash flows is to report

a$.$ a company's investing transactions.

b$.$ a company's financing transactions.

c$.$ information about cash receipts and cash payments of a company.

d$.$ the net increase or decrease in cash.

$10.$ Which of the following is not a common way that managers use the balance sheet?

a$.$ To analyze the balances of assets, liabilities, and stockholders' equity throughout

the accounting period

b$.$ To determine if the cash balance is sufficient for future needs

c$.$ To analyze the balance between debt and common stock financing

d$.$ To analyze the balance of accounts receivable on the last day of the accounting

period

$11.$ The balance in the prepaid rent account before adjustment at the end of the year is $$12,000$

and represents three months' rent paid on December $1.$ The adjusting entry required

on December $31$ is

a$.$ debit Prepaid Rent, $$4,000$; credit Rent Expense $$4,000.$

b$.$ debit Prepaid Rent, $$8,000$; credit Rent Expense, $$8,000.$

c$.$ debit Rent Expense, $$12,000$; credit Prepaid Rent, $$12,000.$

d$.$ debit Rent Expense, $$4,000$; credit Prepaid Rent, $$4,000.$

$12.$ Which of the following is not a common way that managers use the balance sheet?

a$.$ To analyze the balances of assets, liabilities, and stockholders' equity throughout

the accounting period

b$.$ To determine if the cash balance is sufficient for future needs

c$.$ To analyze the balance between debt and common stock financing

d$.$ To analyze the balance of accounts receivable on the last day of the accounting

period