DQuestion 1 Which one of the following transactions would not normally be considered an operating, investing, or financing activity involving the inflow or outflow of cash? O Acquiring cash for the business by signing a note payable with the local bank. Buying a new building for the business by issuing common stock whose market value is equal to the purchase price. Buying treasury stock by acquiring it on the New York Stock Exchange Paying back in full a bank loan taken out two years ago. All of the above involve the inflow or outflow of cash. Question 2 1 pts Since cash and cash equivalents are combined when preparing the statement of cash flows which of the following transactions would not be reported as a separate item on the statement of cash flows? O Using cash to buy treasury stock. Using cash to pay dividends. Selling trading securities for the same amount of cash originally used to purchase them. Issuing common stock for cash. All of the above would be reported separately on the statement of cash flows D Question 3 1 pts Which of the following transactions are considered non-cash investing and financing activities? Purchasing non-cash assets by issuing common stock. Retirement of long-term debt by issuing common stock. Conversion of preferred stock into common stock is the only consideration involved in the transaction. All of the above are noncash investing and financing activities. D | Question 4 1 pts Regardless of whether the direct method or the indirect method is used to prepare the statement of cash flows, which sections of the statement are prepared and reported in the same manner on the statement? O The operating section and the financing section. The operating section and the investing section The investing section and the financing section The financing section only O The investing section only