Mustard Seed Gifts had the following results for December 31,2013 and 2014, respectively: What was the amount of cash flows from investing activities for 2014? Cash outflow of $30,000 Cash outflow of $290,000 Cash outflow of $10,000 Cash inflow of $290,000 Which financial statement reports operating performance for a specific period of time? Statement of changes in shareholders equity Statement of retained earnings Statement of Cash Flows Balance sheet Income statement A seller of goods can easily associate (of match) the consumption of the benefits of the asset sold with revenues from its sale. At the time of sale and revenue recognition, the seller recognizes revenue. removes the asset (inventory) from the seller's balance sheet records the cost of goods sold expense in the same amount by which inventory decreases. recognizes a reduction in an asset (inventory). all of the above On December 31, 2014, a restaurant purchased a $19,000 truck to be used for catering. It made a down payment of one-fourth of the purchase price. What combination of amounts would affect the 2014 income statement and statement of cash flows for the purchase of the truck? Which of the following statements is false regarding how the cash flow effects of the changes in the equipment and accumulated depreciation accounts would be reported on a statement of cash flows if the indirect method is used to prepare the operating activities section? Cash proceeds from the sale of the equipment would be reported as a cash inflow in the investing activities section. The cash paid to purchase equipment would be reported as a cash outflow in the investing activities section. Depreciation expense would be added to net income in the operating activities section. A loss on the sale of the equipment would be subtracted from net income in the operating activities