Q33:

X Co, issued $ 50,000 common shares for an exchange of lands. the effect should be

a.

inflow in the cash flows from financing activities

b.

outflow in the financing activities

c.

no effect in the statement of cash flows

d.

outflow in the operating activities

Q34:

which of the followings increase the Debt/equity ratio

a.

increase in equity

b.

decrease in long term liability

c.

increase in long term liability

d.

increase in current liabilities