Question 3 (1 point) A company acquired Land valued at $1 million and issued Preferred Stock in exchange. This event is recorded in the Statement of Cash Flows in: the Operating Activities section the Financing Activities section the Investing Activities section in a separate schedule below the statement of cash flows in the Notes to the Financial Statements Question 5 (1 point) A Consulting Company receives all payments for consulting services from its customers in advance. The Consulting Revenue appeared on the Income Statement at $86,000 and Unearned Consulting Revenue decreased by $12,000 during the period. Determine the Cash received in advance from customers for consulting services to be provided. Cannot be determined $86,000 $98,000 $74,000 Question 7 (1 point) A company had a net income of $184,000 and a beginning and Ending balance in Retained Earnings of $45,000 and $74,000 respectively. The only items impacting Retained Earnings are Net Income and cash dividends. Determine the cash paid for dividends. $231,000 none of the amounts listed. $29,000 $103,000 Question 9 (1 point) Assuming all the following items involved Cash, which of these will not appear in the Financing Activities section of the Statement of Cash Flows Issue of Common Stock above par value Retirement of Bonds Payable Dividend Revenues 35 ng Treasury Stock Reissuances A loan received in exchange of a Long term Notes Payable ger .ba Question 11 (1 point) A company paid $45,000 of the principal on a long term Notes Payable and $8,000 for interest on the Note. These payments would be recorded in the statement of cash flows in: Investing and Financing Activities sections respectively Operating Activities section Financing and Operating Activities sections respectively Financing Activities section Investing and and Operating Activities sections respectively