A firm's cash flows from investing activities include: A) Cash received from the sale of a plant asset B) Cash paid as dividends C) Cash received from the rendering of services to customers D) Cash paid to retire bonds payable 3. A firm's cash flow from financing activities includes: A) Cash paid to reacquire treasury stock B) Cash paid for merchandise purchased C) Cash received from sale of investment in bonds D) Cash received as interest income 4 Nacho Company has an accrual basis net income of $175,000 and the following related items: Net income 175,000 Depreciation expense $ 85,000 Accounts receivable decrease (15,000) Inventory increase 24,000 Accounts payable increase 18,000 How much is Nacho's net cash flow from operating activities? A) $251,000 B) $260,000 C) $269,000 D) $317,000 5. In horizontal analysis, of what amount is each item expressed as a percentage A) Net income B) Average total assets C) Sales revenue D) A base year amount