A.

Which of the following are included in the financing section of the cash flow statement?

i - New bank loan

ii - Payment of dividends

iii - Profit for the year

iv - Sale of shares

Select one:

a. i and iii only

b. i, ii and iv only

c. All of i, ii, iii and iv

d. ii and iii only

B.

Fada Co. sold equipment that had an original cost of $200,000. The balance in the accumulated depreciation account at the sale date was $120,000 and the company recorded a loss on sale of $10,000. How much cash did the company receive?

Select one:

a. $200,000

b. $80,000

c. $70,000

d. $90,000

C.

Which of the following scenarios is considered the most favourable by shareholders of a company?

Select one:

a. The company has negative free cash flow.

b. The company has zero free cash flow.

c. Every scenario is equally favourable.

d. The company has positive free cash flow.

D.

Marked out of 1.00

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Question text

Seema Inc. has provided the following selected accounts for the year ended December 31.

Account	2023	2022
Land	$600,000	$655,000
Equipment	545,100	585,000
Accumulated DepreciationEquipment	(178,500)	(199,000)

During 2023, equipment that cost $100,000 was sold. The equipment was 70% depreciated. How much is depreciation expense for 2023?

Select one:

a. $70,000

b. $49,500

c. Cannot be determined

d. $39,900

E...

Some situations should be viewed with caution when analyzing a companys statement of cash flow. These include, but are not limited to:

Select one:

a. All the available choices

b. Shortening their collections (with last minute notice to customers)

c. Stretching out their payables

d. Financing their payables

F..

Which of the following items decreases cash flow?

i - Decrease in long-term assets

ii - Increase in merchandise inventory

iii - Increase in profits

iv - Dividend payment

Select one:

a. ii, iii, and iv only

b. ii and iv only

c. All of i, ii, iii and iv

d. i and iii only