Please solve all question

1. The accounts of Rafiu Ltd show that a fixed asset with a net book value of 25,000 was sold for a loss of 6,000. How will the above transaction be shown on the cash flow statement?

A. A financing cash flow of 19,000.

B. A financing cash flow of 31,000.

C. An investing cash flow of 19,000.

D. An investing cash flow of 31,000. E. None of the above.

2. How would a company's working capital (Current Assets - Current Liabilities) be affected if a substantial amount of accounts payable (creditors) were paid in cash?

A. It would be unaffected.

B. It would fall. C. It would increase.

D. There would be no working capital left

E. The change depends on the size of the payables

3. Alexander Company reported an increase of 185,000 in its trade receivable during the year. The company's statement of cash flows reported 500,000 of cash received from customers. What amount of net sales must Alexander have recorded?

A. 315,000.

B. 685,000.

C. 500,000.

D. 185,000.

E. None of the above.

4. During the current year, Atkins, Inc. sold a parcel of land for 840,000 cash. The land had a book value of 410,000. Atkins, Inc. uses the indirect method to prepare its statement of cash flows. In order to reconcile operating profit to net cash flow from operating activities, profit must be:

A. Decreased by 410,000.

B. Decreased by 430,000.

C. Increased by 430,000.

D. Not adjusted because the sale of land is classified as an investing activity.

E. Decreased by 840,000.