Please answer the following questions, and explain why the decision is correct. Thanks.

1.

The financial statement that reports an entity's cash receipts and cash payments during the period is the O A. statement of income O B. statement of retained earnings O C. cash flow statement O D. statement of financial positionActivities that create revenues and expenses are referred to as A. financing activities B. operating activities O C. financing and investing activities O D. investing activitiesWhich of the following describes the nancing activities as shown in the cash flow statement? O A. includes transactions that primarily impact current assets and current liabilities O B. shows the beginning and ending balance of cash O C. includes transactions affecting the capitalization of the business O D. includes increases and decreases in long-tenn assets Hot Beach Resort reports beginning property, plant, and equipment, net of amortization, of $590,000 and an ending amount of $650,000. The income statement shows amortization of $75,000. Hot Beach Resort acquired $200,000 of property, plant, and equipment during the year. The cash received from the sale of property, plant, and equipment at its book value is o A. $71,600 0 B. $65,000 0 c. $77,200 0 o. $60,000 An investor has made a short-term investment in shares. If the shares were bought on July 23 for $10,000, and they are worth $13,500 as of year-end, the increase in value will result in O A. the net investment appearing on the balance sheet with a value of $10,000 O B. a $3,500 unrealized gain reported on the income statement O c. dividend income of $3,500 reported on the balance sheet O D. a direct $3,500 increase to retained earnings that is not reported on the income statement