Nare. Student ID: 1. Which of the following cash flows belong to cash flows from operating activities? A. Paid cash to purchase a machine B. Cash flow from issuance of long-term debt C. Paid employee salary D. Sold an equipment and receive cash 2. Which one of the following cash flow activity is related to issuing common stock to investors? A. Operating activities B. Financing activities C. Investing activities D. Investing and financing activities 3. Which of the following transactions would be considered an investing activity on a Statement of Cash Flows?: CA. Purchased machine for $6,000 cash. B. Paid $30,000 income tax. C. Sold common stocks for $200,000 cash to stockholders. D. Paid $55,000 for inventory for resale. 4. In January, Papa John's paid $7,000 for utilities, repairs, and fuel for delivery vehicles, all considered general and administrative expenses incurred during the month. A. Debit: General and Administrative Expense; Credit: Cash. B. Debit: Cash; Credit: General and Administrative Expense. C. Debit: Vehicle; Credit: Cash. D. Debit: Prepaid Insurance; Credit: Cash. (Two more questions in the back) Name: Student ID: Papa John's prepared the following accounting information. For the next two questions. please use the information from the following table to answer the questions: Cost of Goods Sold (COGS) $100,000 Depreciation Expense 8,000 General and Administrative 22,000 Expenses Interest Revenue 4,000 Income Tax Expense 8,000 Interest Expense 5,000 Sales Revenues 160,000 5. What is the dollar amount of the company's Gross Profit? A. $20,000 B. $30,000 C. $40,000 D. $60,000 (Bonus point question) 6. What is the dollar amount of the company's Net Income? A. $11,000 B. $21,000 C. $31,000 D. $41,000