Question 12 What is the cash flow from investing activities? Cash flow from the issuance of long-term debt Cash flow from the issuance of short-term debt Cash flow from the sale of common stock Cash flow from the purchases and sales of fixed assets Question 13 Which one of the following is NOT true for a corporation? Interest paid on bonds issued last year is tax deductible. Common stock dividends to be paid this year are not tax deductible. Common stock dividends to be paid this year will be tax deductible if the firm has a net loss for the year. Preferred stock dividends to be paid this year are not tax deductible