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Can someone help answer these, please? Thanks! 7. Financial Statements have key proper order. This order is: articulated relationships and accordingly must be prepared in
Can someone help answer these, please? Thanks! 7. Financial Statements have key proper order. This order is: articulated relationships and accordingly must be prepared in their A. Income Statement, Balance Sheet, Statement of Cash Flows, Statement of Changes in Stockholders Equity B. Income Statement, Balance Sheet, Statement of Changes in Stockholders Equity, Statement of Cash Flow C. Income Statement, Statement of Cash Flows, Statement of Changes in Stockholders Equity, Balance Sheet Flows Statement of Cash accounts and balances: Cash $200 Accounts Payable $150 Stockholders' Equity $750 Land? Based on the above information only, the amount or balance for Land must be: A. $400 B. $900 C. $700 D. $1,100 9. Which of the following items appears in the investing activities section of the statement of cash flows? A. Cash outflow for the purchase of a storage building. B. Cash inflow from the issuance of common stock. Financing Activity C. Cash outflow for the payment of salary expenses. Operating Activity D. Cash inflow from interest revenue. Operating Activity 10. Min Company paid $30,000 cash to purchase a truck. As a result of this business event, A. Total equity decreased B. The net cash flow from operating activities decreased. C. Total assets were not affected. ....this is an asset exchange D. Net income decreased. 11. Cohen Company experienced an accounting event that affected its financial statements as indicated below: Revenue-Expenses Net Income Cash Flow Assets- Liabilities + Stockholders Equity 75,000 NA 75,000 NA NA NA +FA Which of the following accounting events could have caused these effects on Cohen's statements? A. Paid a cash dividend. B. Earned cash revenue C. Borrowed money from a bank. D. Issued common stock
Can someone help answer these, please? Thanks!
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