QUESTION 17 Indicate where the payment of income taxes would appear if at all, on the statement of cash ows A Investing activities section B. Financing activities section C. Operating activities section D Does not represent a cash flow QUESTION 18 On January 1 2017, Grga te Corporation reported net income of $80,000 and paid cash dividends of $40,000. The balance of the Stock Investments-Long account on the books Grgante Corporation at December 31, 2017 is OA $280,000 Corporation purchased 25% of the common stock outstanding of Sheat Corporation for S270 000 Ouring 2017, Long $310.000 C $350,000 D $270,000 QUESTION 19 The primary purpose of the statement of cash flows is to O A facilitate banking relationships information about the investing and financing activities during a perlod C provide information about the cash receipts and cash payments during a periad D prove that revenues exceed expenses if there is a net income