a. Five items b. Three items c. Four items d. Two items 20. A 30% stock dividend is reported in connection with a statement of cash flows as: A. A financing activity. B. An investing activity C. A noncash activity D. Not reported in the statement of cash flows. 21. Purchase of a plant site through a mortgage payable: A. Reported as an operating activity in the statement of cash flows. B. Reported as an investing activity in the statement of cash flows C. Reported as a financing activity in the statement of cash flows. D. None of the above is correct. 22. Which of the following is reported as a operating activity in the statement of cash flows A. The sale of securities classified as available for sale B. The acquisition of stock for the purpose of retiring it. C. The payment of interest on bonds payable. D. The receipt of dividend revenue. 23. A sale of equipment for cash is: A. Reported as an operating activity in the statement of cash flows. . Reported as an investing activity in the statement of cash flows. . Reported as a financing activity in the statement of cash flows. . None of the above is correct. Napier Co. provided the following information on selected transactions during 2011: qstions 11 and 12. Purchase of Furniture Proceeds from issuing stocks Purchases of inventory Purchases of treasury stock Loans made to affliated corporations Dividends paid to preferred stockholders Payment of Note Payable(short-term) Proceeds from sale of equipment $250,000 500,000 950,000 150,000 350,000 100,000 100,000 50,000 14. The net cash provided (used) by investing activities during 2011 is a. $50,000. b. $(300,000). c. $ (50,000). d. 550,000). The net cash provided by financing activities during 2011 is a. $250,000 b. $650,000. C. $800,000 d. $150,000 15. 16 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 compute cash provided bylused by operating activities? a. Amortization of patent. b. Gain on sale of land. c. Increase in accounts receivable. d. All of the above are added to net income to arrive at cash flow from operating activities would require which of the following adjustments in determining cash flows from operating activities? 17.When preparing a statement of cash flows, a decrease in prepaid insurance during a period Indirect Method Direct Method a. Increase b. Decrease c. Increase d. Decrease Increase increase Decrease Decrease statement of cash fiows (indirect method), this event would be refiected as a(n) a. addition adjustment to net income in the cash flows from operating activities section b. cash outflow from investing activities. c. cash inflow from investing activities. d. cash inflow from financing activities. 18.A company borrows $10,000 and signs a 90-day nontrade note payable. In preparinga
