Question 14 2 pts Canadian Beer reported equipment sold for $222 million cash and new equipment purchased $1,515 million cash. The equipment sold had a net book value of $150 million. Cash flow from investing activities would show: Cash paid for equipment of $1,293 million. A net outflow of $1,365 million. An inflow of $222 million and outflow of $1,515 million. An inflow of $222 million and outflow of $150 million. Question 15 2 pts The journal entry to record the sale of bonds at their par value results in which of the following? O An increase in assets and liabilities equal to the par value of the bonds and their associated interest payments. An increase in assets and liabilities equal to the bonds' future cash flows. An increase in assets and liabilities equal to the par value of the bonds. An increase in assets equal to the par value of the bonds and an increase in liabilities equal to the bonds' future cash flows. Which of the following statements is correct? The accounts receivable balance increases when cash collected from customers exceeds credit sales. A decrease in accounts receivable is deducted from net income when determining cash flow from operating activities An increase in accounts receivable is deducted from net income when determining cash flow from operating activities. A decrease in the accounts receivable balance means that credit sales exceeded cash collections from customers. Which of the following would not be included on an income statement? Insurance expense. Amortization Expense o o o o Cost of goods sold. Accumulated depreciation