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Name: D: B 12. Which of the following would be reported as a cash flow from financing activities Cash receipts from the issuance of long-term debt a. b. Cash receipts from sale of inventory to customers Cash receipts from the sale of equipment c. d. Cash receipts from the sale of long-term investments 13. The method that is used by most companies and begins with accrual net income or net loss and adjusts that number to the net cash flow from operating activities is called the: a. Operating method b. Indirect method c. Direct method d. Cash-equivalent method Which of the following events is disclosed in a statement of retained earnings? 14. Treasury stock acquired during the period a. b. c. d. Investments in marketable securities Long-term debt borrowed from the bank Purchases of fixed assets 15. Bandit, Inc, issued for $i9 per share 5,000 shares of S10 par value common stock. The jounal entry to record this transaction is: 95,000 Common Stock 50,000 45,000 Eaings 95,000 0,000 b. Cash Common Stock Paid-in Capital in Excess of Par Value 45,000 95,000 Stock 9,000 50,000 d. Cash 95,000 Common Stock Gain on Sale of Stock oe olowng ratios does nat involve assets (Gie: there are nig assets or asset categories in the 45,000 ratio formula)? a. Inventory turnover b. c: d. Account receivable turnover Current ratio Return on sales On a common-size income statement, each item is stated as a percentage of which income statement account? a. Net sales b: Net income c. Cost of goods sold d. Operating income In trend analysis, over multiple years, of what amount is each item expressed as a percentage? a. Net sales b. Average total assets c. Net income d. A base year amount 18