Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, a stock dividend declared and issued would be classified on the statement of cash flows 7. a. Operating activities section. b. Investing activities section. c. Financing activities section. d. Does not represent a cash flow. 8. The statement of cash flows a. b. c. d. must be prepared on a daily basis. summarizes the operating, financing, and investing activities of an entity. is another name for the income statement. is a special section of the income statement. 9. Which one of the following items is not generally used in preparing a statement of cash flows? a. b. c. d. Adjusted trial balance Comparative balance sheets. Current income statement. Additional information 10. The primary purpose of the statement of cash flows is to provide information about the investing and financing activities during a period. prove that revenues exceed expenses if there is a net income. provide information about the cash receipts and cash payments during a period. facilitate banking relationships. a. b. c. d. Multiple Choice (Circle One): 6. Zoum Corporation had the following transactions during 2017: 1. Issued $250,000 of par value common stock for cash. 2. Recorded and paid wages expense of $120,000. 3. Acquired land by issuing common stock of par value $100,000. 4. Declared and paid a cash dividend of $20,000. 5. Sold a long-term investment (cost $6,000) for cash of $6,000. 6. Recorded cash sales of $800,000. 7. Bought inventory for cash of $320,000. 8. Acquired an investment in Zynga stock for cash of $42,000. 9. Converted bonds payable to common stock in the amount of $1,000,000. 10. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by operating activities? a. $610,000. b. $580,000 c. $480,000. d. $360,000