Cash Flow Statement _Questions-39 to 47 (Effects of transactions on Statement of Cash Flows using U.S. GAAP) Any given transaction may affect a statement of cash flows (using the indirect method) in one or more of the following ways A. Cash flows from operating activities-Net income will be increased or adjusted upward. B. Cash flows from operating activities -Net income will be decreased or adjusted downward. C. Cash flows from investing activities D. Cash flows from financing activities E. Reported as a note or not required to be reported on the cash flow statement Applicable to only U.S. GAAP 9. Sale of real estate for $350,000 cash. The real estate originally cost $150,000 and resulted in a $200,000 gain. Where should the $350,000 cash be recorded.? C 40. Sale of real estate for $350,000 cash. The real estate originally cost $150,000 and resulted in a $200,000 gain. Where should the $200,000 gain be recorded.? B 41. There was $6,000 of an amortization of a patent. A 42. Issuance of a 1,000 shares of common stock for the purchase of land worth $500,000. E 43. Merchandise Inventory decreased from $79,500 to $63,484. A 44. Accrued expenses increased by $7,000. A 8-Final A-Intermediate Accounting I, December 2014 45. Issuance of $1,000,000 bonds at 98. Where should the cash received from the bonds be recorded? D 46. Accounts Receivable increased from $50,000 to $70,000 B 47. Purchase of 500 shares of treasury stock (common). D