QUESTION $10$

The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is:

Schedule of noncash investing or financing activity

Financing activities

Investing activities

Operating activities

None of these as this is not reported on the statement of cash flows

QUESTION $11$

A company's transactions with its creditors to borrow money and$/$or to repay the principal amounts of loans are reported as cash flows from:

Operating activities

Indirect activities

Investing activities

Financing activities

Direct activities

QUESTION $12$

Which one of the following is representative of typical cash flows from operating activities?

Receipts of cash sales

Proceeds from the issuance of bonds and notes payable

Proceeds from collecting the principal amount of loans

Payments by a merchandiser to acquire equity securities of other companies

Repayment of principal on loans

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