221. Below are excerpts from interest tables for 8% interest.

	1	2	3	4
1	1.0000	0.92593	1.08000	0.92593
2	2.0800	0.85734	1.16640	1.78326
3	3.2464	0.79383	1.25971	2.57710
4	4.5061	0.73503	1.36049	3.31213

Column 3 is an interest table for the:

1. Present value of $1. B) Future value of $1.

C) Future value of an annuity of $1. D) Present value of an annuity of $1.

222. Air conditioning cost in a company
     1. are always an Asset
     2. Can be an Asset or an Expense
     3. Are always an Expense

223. The purchase of land is classified in the statement of cash flows as a(n):
     1. Noncash activity. B) Financing activity.

C) Investing activity. D) Operating activity.

224. Where do we put gains/losses on the purchase of Treasury Stock (cost method)?
     1. Additional Paid in Capital / Retained Earnings
     2. Income Statement
     3. there is no gain or loss on purchase of Treasury Stock
     4. adjustments to total Equity

225. During the year, ABC. had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-term borrowing, $6,000; payment to suppliers, $5,000; payment of dividends,

$1,000, payment to workers, $2,000; and payment for machinery, $8,000. What amount would be reported for investing net cash flows on the Statement of Cash Flows?

A) $5,000. B) ($8,000). C) $6,000. D) $2,000.