HEALTHCARE FINANCE TOPIC

I have answered these questions, but I need a second opinion. Please explain why you choose that answer!

1. Which of the following statements concerning the statement of cash flows is most correct? a. Like the balance sheet, the statement of cash flows is as of a single point in time b. The statement of cash flows uses information from both the income statement and the balance sheet. c. The statement of cash flows has five major sections d. The most important line on the statement of cash flows is the "bottom line," the net increase (decrease) in cash e. None of the above statements is correct. Explain! 2. Assume that a business's balance sheet reports total assets of $500,000 and total liabilities of $300,000. Now assume that $20,000 of net fixed assets (net plant and equipment) are written off due to technological obsolescence. All else the same, what is the total equity of the business after the write-off? a. $200,000 b. $190,000 c. $180,000 d. $170,000 e. There is insufficient information given to answer this question. Explain! 3. Consider the following balance sheet 30,000 0,000 ash 70,000 ccounts payable ccounts 0,000 Long-term debt receivable Inventories Net fixed assets 350,000 50,000 ommon stock 00,000 50,000 500,000 Retained earnings Total assets 500,000 otal claims Assume that the business uses $30,000 of its cash to pay salaries. Which of the below statements reflects the resulting balance sheet change? a. There is a change to the left-hand side only b. There is a change to the right-hand side only c. The cash account decreases by $30,000 and the retained earnings account is reduced by $30,000 d. The cash account decreases by $30,000 and the long-term debt account is reduced by $30,000 e. The company does not have the ability to pay $30,000 in salaries Explain