QUESTION 10 The cash purchase of goods for resale to customers is an a (an): Financing activity. Non-cash investing and financing activity. Investing activity. Operating activity. QUESTION 11 Entity B, an electrical contractor, purchased vacant land several years ago which it is holding in hopes of price appreciation. The land is not being used in its operations. In which classified balance sheet section would the land be reported? Intangible assets O Current assets Property, plant, and equipment O Long-term investments QUESTION 12 All of the following are internal users of the financial statements except? Investors and creditors. Production supervisors. Finance directors. Company officers