In a statement of cash flows, the sale of a long-term investment would ordinarily be classified as: Multiple Choice O an operating activity. O a financing activity. O an investing activity. O a lending activity.2 Kaeser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents $ 44 $ 36 Accounts receivable 54 63 Inventory 32 37 Total current assets 130 133 Property, plant, and equipment 527 460 Less accumulated depreciation 339 289 Net property, plant, and equipment 188 171 Total assets $ 318 $ 384 Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 46 $ 41 Accrued liabilities 29 17 Income taxes payable 26 29 Total current liabilities 92 B7 Bonds payable 145 133 Total liabilities 237 267 Stockholders' equity: Common stock 31 30 Retained earnings 50 7 Total stockholders' equity 81 37 Total liabilities and stockholders' equity 3% 318 $ 384 The company's net income for the year was $52 and it dld not sell or retire any property, plant, and equipment during the year. Cash dividends were $93 The net cash provided by (used in) investing activities for the year was: 2 The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $9. The net cash provided by (used in) investing activities for the year was: Multiple Choice O $17 O $67 O ($17) O ($67)3 Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents $ 34 $ 29 Accounts receivable 32 36 Inventory 53 66 Property, plant, and equipment 554 480 Less accumulated depreciation 288 206 Total assets $ 465 $ 405 Liabilities and stockholders' equity: Accounts payable $ 41 $ 50 Accrued liabilities 17 16 Income taxes payable 28 30 Bonds payable 217 200 Common stock 75 70 Retained earnings E7 39 Total liabilities and stockholders' equity $ 465 $ 405 Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was: Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or 3 repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was: Multiple Choice O $74 O $(74) O $(72) O $72The company's net income (loss) for the year was ($3.000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the 4 year. The company uses the indirect method to determine the net cash provided by operating actiVities. Which ofthe following is correct regarding the operating activities section of the statement of cash flows? Multiple Choice 0 The change in Accounts Payable Will be added to net income; The change In Accrued Liabiiities Will be subtracted from net income The change in Accounts Payable Will be subtracted from net income; The change in Accrued Liabilities Will be added to net income 0 The change in Accounts Payable will be subtracted from net income; The change in Accrued Liabilities will be subtracted from net income 0 The change in Accounts Payable Will be added to net income; The change In Accrued Liabilities Will be added to net income Cash dividends were $23. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own 5 common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was: Multiple Choice O $(133) O $133 O $(23) O $23