Proceeds from the issuance of shares appear in which, if any, section of the cash 7 flow statement Operating activities section Investing activities section Financing activities section Proceedsfro the issuance of shares do not appear in the cash flow statement Which of the following activities increase and decrease the non current assets 8 available to the company? Operating activities Investing activities Financing activites Warehousing activities All of the following transactions would be reported on the balance sheet. Which one 9 does not affect cash? Declaration of a cash dividend Repurchase of shares above book value Issuance of preferred shares Payment of a cash dividend Use the following information for VI Inc. to calculate net cash flows from operating 10 activities by the indirect method: Net income $650,000 Depreciation expense 90,000 Increase in accounts receivable 9,000 Decrease in inventory 16,000 Increase in land 75,000 Decrease in accounts payable 12,000 Increase in salary payable 5,000 Loss on sale of investments 4,000 $744,000$781,000$771,000$706,000 1 The cost of paving a parking lot should be charged to: Land Land Improvement Immediate expense repairs and maintenance expense Land, Buildings and equipment are acquired for a lump sum of $950,000. The fair values of the three assets are respectively $200,000,$500,000 and $300,000. 2 What is the cost assigned to the building? $190,000$475,000$500,000$555,556 3 Failure to record an accured liability causes a company to Overstate assets Overstate expenses Overstate liabilities Overstate owner's equity 4 The excess of a bond's issue price over its face value is known as the Discount Premium Contract Interest Effective interest The entry to record the issuance of 12,500 commn shares at $2.50 per share 5 includes a Debit to Retained earnings for $31,250 Credit to Retained earnings for $31,250 Credit to Common shares for $31,250 Credit to Contributed Surplus for $31,250