d. a company use the same accounting procedares year afher year 71. A corporate income statement does riot contain discontinued operat b. extraordinary gains and losses e. unrealized investment gains and losses d. earnings per share data. Noncash investing and a. appear as a separate schedule on the statement of cash fhows b. appear in either the investing or financing activities section, but not both. 72. transactions e. are excluded from the statement of cash flows. appear in both the investing and financing activities sections. Cash equivalents do not include a. U.S. Treasury bills. b. money market accounts. c. marketable securities. d. commercial paper d. 73. 74. Royer Corporation engaged in this transaction: Retired long-term debt with cash. Indicate which section, if any, the above transaction would appear in, or relate to, on a flows. a. Operating activities section b. Does not represent a cash flow c. Investing activities section d. Financing activities section 75. Royer Corporation engaged in this transaction Purchased 60-day commercial paper. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows. a. Does not represent a cash flow b. Operating activities section c. Financing activities section d. Investing activities section Market strength refers most closely to the ability to a. survive for many years. b. pay bills when they fall due. c. earn a satisfaciory net income. d. increase the wealth of stockholders. 76. 77. The ability to pay bills when due and to meet unexpected needs for cash most closely describes a. cash flow adequacy b. long-term solvency c. liquidity