Question 17 (1 point) Using the indirect method, which of the following would not be needed to determine net cash provided by operating activities? depreciation expense change in accounts receivable change in prepaid expenses payment of cash dividends Question 18 (1 point) Telfer Corp is a publicly listed company reporting under IFRS. For the transaction below, indicate where, if at all, the dollar value would be included in the calculations showing the change in cash on the statement of cash flows. Issue of common shares in exchange for equipment: Operating activities section The transaction does not represent a cash flow and needs to be disclosed in the notes to the statement of cash flows. Financing activities section Investing activities section Question 19 (1 point) The cost of land does not include annual property taxes. removal costs of an old building. title fees. closing costs. Question 20 (1 point) Which of the following statements is true? "Current maturities of non-current debt refers to the amount of interest on notes payable that must be paid in the current year. A non-current liability is an obligation that is expected to be paid within one year. If any portion of a non-current liability is to be paid in the next year, the entire debt should be classified as a current liability. Even though current and non-current debt must be shown separately on the statement of financial position, it is not necessary to prepare a journal entry to recognize this. Question 21 (1 point) Land improvements should be depreciated over the useful life of the buildings on the land. land or land improvements, whichever is longer. land. land improvements. Question 22 (1 point) The effect of a stock dividend is to decrease total assets and total liabilities. decrease total assets and shareholders' equity. increase the book value per share of common shares. change the composition of shareholders' equity. Question 23 (1 point) Generally, the first category shown on the statement of cash flows is cash flows provided (used) by operating activities. significant noncash activities. O investing activities. financing activities. Question 24 (1 point) A receivable is recognized when the sales effort is substantially complete. regardless of collection risk. only when payment has been received. when a service is performed