Please only enter your response in the blue cell (in column H). This is the only cell that will be marked. On February 1, a company issued 10,000 common shares in exchange for $70,000 cash. The transaction recorded in the account equation would include an): 1) increase to common shares of $10,000 increase to cash of $70,000 increase to cash of $10,000 9 decrease to common shares of $70,000 10 2 7 of user who would most likely ask question "Will the company be able to repay the 11 moy we lend them when the loan comes due?" 12 a) comers 13 b) pruction manager 14 c) lendis 15 d) invers 16 17 3 Which of the following is an example of an operating activity in the cash flow statement? 18 a) payment of wages to employees 19 b) sale of investment in other companies' shares 20 c) purchase of property, plant, and equipment 21 d) paying dividends 22 Rogers Gibson Stein: A medium size law firm operating in Edmonton. John Rogers, Michelle Gibson and Simon Stein are the partners and they have 32 employees. What type 23 of business organization would be most fitting for the company described? 24 a) sole proprietorship Sonus Question 2 Income Statement Question 3 Cash Flow Statement Question 4 Bank R Calculation Mode: Automatic Workbook Statistics purchase of property, plant, and equipment paying dividends 14 agers Gibson Stein: A medium size law firm operating in Edmonton, John Rogers, chelle Gibson and Simon Stein are the partners and they have 32 employees. What type usiness organization would be most fitting for the company described? 24 le proprietorship 25 b) lition 26 c) coration 27 d) panership 28 295 All of following can be found on a Statement of Income except 30 a) Accumulated Depreciation 31 b) Depreciation Epense 32 c) Interest Revenue 33 d) Cost of Goods Sold 34 356 Where would you classify Unearned Revenue on a Balance Sheet (Statement of Financial Position)? 36 a) Current Liability 37 b) Non-Current Asset 38 c) Current Asset 20 d) Share Cenital