Problem C (34 points) FILL-IN-THE-BLANK-PRINCIPLES AND TERMINOLOGY- INSTRUCTIONS: Complete each of the following questions and statements by writing the appropriate wo ds or amounts n the Answers column. For Scoring Answers 0. The statement that reports a fim's major cash inflows and outflows for statement of cash ows 0 a period is the What are the two alternative methods of reporting operating activities in the statement of cash flows? 1-2. Dirret 2 2. 3-8. Indicate the section of the statement of cash ows (indirect or direct method or both) in which each of the following would appear (answer operating activities, investing activities, or financing activities) 3. Amortization of bond discount. 4. Productiservices sales 5. Sale of long-term investments 6. Purchase of machinery. 7. Redemption of bonds payable 8. Sale of patents 9. Cash dividends of $30,000 were declared during the year. Cash 6 dividends payable were $14,000 and $18,000 at the beginning and end of the year, respectively. The amount of cash Bows for payment of dividends during the year is The net income from operations was $160,000 and the only revenue or expense item not affecting cash was depreciation expense of $72,000. What amount of net cash flows from operating activities would appear in the statement of cash flows? 10. 10, A corporation purchased and retired 10,000 shares of its $20 par common stock, originally issued at par, for $42. Cash flows amounted to 11. 12. If a loss of $7.000 is incurred in selling (for cash) a fixed asset having 13. The $100,000 net income for the year included a a book value of $28,000, the total amount reported as a cash flow $ 12. charge of $5,000 for the amortization of bond discount. Exclusive of the effect of other adjustments, the amount of net cash flows from operating activities is 13. A corporation issued $1,000,000 of bonds payable at 102. Cash flows wero 25,000 shares of $10 par common stock were issued at $20. The total amount reported in the cash flows from the financing activities section 14. 14 15. 15 6 17_ of the statement of cash fows is 16. Cash flow per share is normally reported on the balance sheet answer true or false). Free cash flow is a measure of profitability (answer true or false). 17