Answers for questions 1-5 Thanks in Advance!

HW12#1: Net Income affects account balances on which financial statements? A. Value Added Statement and Balance Sheet and Statement of Cash Flows. B. Balance Sheet and Retained Earnings Statement and Statement of Cash Flows. C. Statement of Cash Flows and Balance Sheet and Statement of Depreciation. D. Statement of Cash Flows and Balance Sheet and Amortization Statement. W12#2: Why is the Statement of Cash Flows (SCF) important to users of financial information? The SCF provides information to help users assess: I. an entity's ability to generate cash. II. an entity's ability to pay depreciation. III. an entity's ability to pay dividends. IV. the reasons for differences between net income and net cash from operating activities. A. All of the above. B. I and III and IV. c. I and IV. D. III and IV. HW12#3: Information used to prepare the Statement of Cash Flows is obtained from: A. Operating and Investing and Financing Activities. B. Comparative years Balance Sheets and Income Statement and data from footnotes and other transactions. c. Income Statement and Comparative years Balance Sheets and Statement of Social Responsibility. D. Trial Balance and General Ledger and T-Accounts. HW12#4: Classify each item Classify each item as Operating (O), investing (1), or Financing (F) Activity in the order listed. 1. Purchase of Building 2. Issuance of Common Stock 3. Sale of Equipment 4. Amortization of Patent A. Investing and Financing and Operating and Investing B. Investing and Investing and Investing and Operating c. Investing and Financing and Investing and Operating HW12#5: Which transaction is an example of a cash inflow from an operating activity? A. Receipt of cash from the sale of capital stock. B. Payment of cash to creditors. c. Retailer sale of merchandise for cash at a profit. D. Sale of plant assets for cash