Question 1 During the year 2020, Randall Company reported the following data: Change in balance sheet accounts: Dec 31 Jan 1 Equipment 600,000 400,000 Common stock 700,000 300,000 When the cash flow statement is prepared for 2020, what is the amount of investing and financing cash flows? Financing cash flows O Investing cash flows $200,000 $(400,000) Financing cash flows Investing.cash flows $400,000 $200,000 Investing cash flows $(400,000) Financing cash flows $(100,000) On Investing cash flows $ 200,000) Financing cash flows $400,000 Moving to another question will save this response. n F 90 717 @ F5 2 # 3 FO 4 An I % 5 ^ 18 Q FO W 6 & 7 & E 00* R 8 T 9 . S Y D U F O Z X H C V K L B 05 N emand M Timed Test This est has a time Warnings apnear when half the time, 5 minutes Multiple Nor allowed. This test can only be taken once. A tempos Once started, this test must be completed in one sitting. Do not leave the test before clicking Save and Submit. Farne Completion Your answers are saved automatically Remaining Time: 2 hours, 09 minutes, 55 seconds Question Completion Status Moving to another question will save this response. Question 7 All below are limitations of the income statement except: O A Some items are not included in net income while other items are included in net income. OB Income measurement involves judgment. c Income numbers are affected by the accounting methods employed. Oo. Companies omit items from the income statement that cannot be measured reliability. Moving to another question will save this response. 90 S8814 3F 11/22 $ 3 % 5 6 & 7 * Q * 8 W E 9 R 0 T Y U 1 S D o F P G H J V B N M V . command