QUESTION 17 Northeast Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from investing activities: Net income Gain on the sale of equipment Proceeds from the sale of equipment Depreciation expense-equipment Payment of bonds at maturity Purchase of land Issuance of common stock Increase in merchandise inventory Decrease in accounts receivable Increase in accounts payable Payment of cash dividends $107,700. O ($107,700). ($207,700). O ($139,700). O ($200,000). $ 182.000 12,300 92,300 50,000 100.000 200.000 300,000 35,400 28.800 23,700 32,000 QUESTION 18 A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The total amount that should be reported in the operating section of the statement of cash flow as per indirect method is: O $21,000 O $4,000 O $5,000 $57,000 O $17,000 QUESTION 19 A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as: An increase in cash flows from investing activities O A decrease in cash flows from financing activities O A decrease in cash flows from operating activities A decrease in cash flows from investing activities An increase in cash flows from financing activities QUESTION 20 All of the following statements related to reporting cash flows from investing and financing activities are true except. Reporting of financing activities is the same under the direct method and indirect method. O Changes in noncurrent asset accounts, current notes receivable, and current investments are analyzed to determine cash flows from investing activities. O Reporting of investing activities is the same under the direct method and indirect method. The direct method applies accrual accounting while the indirect method applies cash basis accounting. O Changes in noncurrent liability accounts and equity accounts are analyzed to determine cash flows from financing activities