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Keller Inc. had the following activities during the year Proceeds from the sale of land $346,000 Gain on sale of land $46,000 Proceeds from the

Keller Inc. had the following activities during the year Proceeds from the sale of land $346,000 Gain on sale of land $46,000 Proceeds from the issue of common shares $800,000 Purchase of equipment $450,000 What was Keller's cash flow from investing activities for the year? Multiple Choice $104,000 Cash outflow from investing activities. $150,000 Cash inflow from investing activities $796.000 Cash inflow from investing activities $300,000 Cash outflow from Investing activities Which of the following statements about the quality of earnings ratio is true? Multiple Choice O Failure to accrue appropriate expenses will inflate net earnings and reduce the quality of earnings ratio. When sales are growing, receivables and Inventory normally increase faster than payables so the ratio increases. Seasonal variations in sales have no impact on the quality of earnings ratio Fallure to accrue appropriate expenses will inflate net earnings and increase the quality of earnings ratio

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