QUESTION 23 H a company were to manipulate the statement of cash flows to please analysts, it would most likely report cash received O from the sale of stock as cash from the sale of intangible assets O from the sale of intangible assets as cash from the sale of capital assets O from loans as cash collected frorm customers O from the sale of land as cash received from the issuance of stock QUESTION 24 During its first year of business, Gnu, Inc. sold $200,000 of merchandise to customers on account. At the end of the year Gnu, Inc. had accounts 40,000. How much cash did the company collect from credit customers during the year? $200,000 O $240,000 $160,000 O $40,000 QUESTION 25 On September 30, 2011, Ace Electronics issued $100,000 of 10-year, 8% bonds at 100, The bonds pay interest s How much cash will O $2,000 O$8,000 O $4000 O $4,120 the company pay for interest on March 31, 2012, the first interest payment date? 20 FI FS 2 3 4