ACCT 2030 Chapters 11: Test 6 Name For the Questions 1-8, fill in how each transaction would affect the statement of cash flows. Assume the indirect method is used. 1. A company recently purchased treasury stock. This would be recorded as a(n) in activities. A. Decrease: Financing B. Increase; Operating C. Increase; Investing D. Decrease; Investing A company recently sold one of its buildings and received $100,000. This $100,000 would be 2. recorded as a(n), A. Increase; Financing in activities. - B. Increase; Investing C. Decrease; Operating D. Decrease; Investing 3. A company recently paid off a portion of its long-term debt. This would be recorded as a(n) in A. Decrease; Financing B. Increase; Operating C. Decrease; Operating D. Increase; Financing 4. A company recently recorded depreciation expense on its machinery. This would be recorded as a(n)in_ activities. m A. Decrease; Financing B. Increase; Operating C. Decrease; Operating D. Increase; Financing A company recently paid out dividends to all of its stockholders. This would be recorded as a(n)in 5. activities A. Increase; Operating C. Decrease; Financing D. Decrease; Investing 6. A company recently paid its employces' wages. This would be recorded us in Incrcae Operatin activities B. Decrease; Operating C. Increase; Financing D. Decrcase; Investing 7. A company bought a long-term asset. This would be recorded as a(a) A. Increase: Financing B. Increase; Investing C. Decrease; Operating D. Decrease; Investing s. A company recerntly received money from issuace of stock. This would be recorded s a(n) activities. A. Increase; Operating B. Decrease; Operating C. Increase; Financing D. Decrease; Investing 9. The two methods of presenting operating cash flows are the methods B. Investing: Indirect C. Direct; Operating D. Indirect; Direct 10. Which of the following is not a section of the statement of cash flows? B. Investing C. Purchasing D. Financing 6. A company receedly paid its employees' wages. This would be reconded as an) A. Increase; Operating Operating C. Increase; Financing D. Decrease; Investing 7. A company bought a long-term asset. This would be recorded as a(n) A. Increase: Financing B. Increase; Investing C. Decrease; Operating D. Decrease; Investing 8. A company recently received money from issuance of stock. This would be recorded as a(n) activies. A. Increase; Operating B. Decrease; Operating C. Increase; Financing D. Decrease; Investing 9. The two methods of presenting operating cash flows are the methods A. Operating: Financing B. Investing: Indirect C. Direct; Operating D. Indirect; Direct 10. Which of the following is not a section of the statement of cash flows? A. Operating B. Investing C. Purchasing D. Financing