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o Sonesta Farm Equipment Company old guipment for cash. The income statement show a loss on the sale of 17.000. The netbook value of these

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o Sonesta Farm Equipment Company old guipment for cash. The income statement show a loss on the sale of 17.000. The netbook value of these was $28,900. Which of the following deacres the cash foot of the transaction? O A negative cash flow of 21.00 for financing wives O positive cash flow of $21.00 from investing activities OC positive cash flow of $3,900 from financing activities OD. negative cash flow of $21.900 for operating activities Click to you MacBook Air One of the purposes of the statement of cash flows is to O A. to calculate inventory turnover B. evaluate the level of debt and leverage of a company C. determine the operating income of a business D. predict the ability of a company to pay debts and dividends Which of the following items are included as an operating activity on the statement of cash flows, using the direct method? O A. purchase of treasury stock O B. payment of dividends OC. Issuance of stock D. payment of interest expense Click to select your answer. Shield Company needs to purchase a property to build their headquarters. An investor is willing to exchange land worth $700,000 for shares of common stock On the statement of cash fows, this transaction would be shown O A. financing activities OB. Operating activities OC. non cash investing and financing activities OD. Investing activities Click to select your answer. Pastel Paints Company uses the direct method for preparing its statement of cash flow. Pastel reports the following information regarding 2017: From the income statement: Sales Revenues, $267,000 Cost of Goods Sold, $215,000 Operating Expenses, $34,000 From the balance sheet: Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities Beginning Balance $14,900 24,200 6,600 4,400 Ending Balance $17.900 18,200 13,900 1,700 O A. $264,000 OB. $270,000 OC. $267.000 D. $32,800

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