Cash paid for the purchase of a building would be shown on the statement of cash flows under: Multiple Choice financing activities, operating activities. Cash paid for the purchase of a building would not be shown on the statement of cash flows. investing activities. Assume that you are an investor looking to purchase shares of a company's stock. To assist in making your decision, you reviewed the most recent statement of cash flows for two companies - Ana Corporation and Bella Corporation. Amazingly, you noticed that both companies reported the same net increase in cash. You took a closer look, noting the following subtotals for each section of the statement. Ana Corporation Net cash flows from operating activities Net cash flows from investing activities Net cash flows from financing activities Net increase in cash during the year $1,750 1,810 8,770 $12,330 Bella Corporation $18.920 (7,630) 1,040 $12,330 Using this information alone, in which company would you rather invest? Multiple Choice Either company - the subtotals do not influence my decision since both companies reported the same net increase in cash. Bella Corporation Expenses are recorded: Multiple Choice in the period before cash will be paid. in the period in which they are incurred to generate revenues. in the period after cash has been paid. only when cash is paid. Kettle Company received but did not pay its electric bill. What journal entry should Kettle Company record? Multiple Choice Debit utilities payable and credit utilities expense O Debit utilities expense and credit cash O Debit utilities payable and credit cash Debit utilities expense and credit utilities payable