Multiple Choice

Moving to another question will save this response. Question 1 in 2020. Malibu, Ino, issued notes payable to purchase land. In Malibu's 2020 statement of cash flows, how would this transaction be classified? A Noncash investing and financing activity B. Cash flow from financing activity only oc Cash flows from both investing and financing activities OD.Cash flow from investing activity only Moving to another question will save this response. 11 Type here to search Moving to another question will save this response. Question 2 Which statement is not correct about the usefulness of the statement of cash flows? It helps users assess the profitability of a company. OB It helps users assess the entity's ability to pay obligations. o It helps users assess the entity's ability to generate future cash flows. op It helps users assess investing and financing activities during the period. A Moving to another question will save this response. Type here to search Ofe Question Cornpletion Status: Moving to another question will save this response. Question 3 During which phase of the corporate life cycle are cash from operations and net income approximately equal? A Introductory phase. e Decline phase O Maturity phase OD. Growth phase Moving to another question will save this response. Type here to search In 2010, La Jolla Company reported net income of $200,000 for the year. Depreciation expense was 530,000 and a loss on disposal of Comparative balance shee for 1231/19 12113 Decrease $80,000 540,000 120.000 05.000 320,000 30.000) 40.000 Accounts Payable 45 000 000 3.000) What is the cash provided by operating activities in 2010 using the Indirect med ? 5300.000 o 1340.000 O 5325.000 OD 5320.000 Morgan Type here to search