Question 31 (1 point) Listen In order to determine why net income and cash on the balance sheet do not equal, an accountant can prepare a(n) 1) income statement. 2) statement of retained earnings. 3) balance sheet. 4) cash flow statement. 5) statement of owner's equity. Question 32 (1 point) Listen Which of the following is NOT a part of operating activities? 1) Paying dividends 2) Paying payables 3) Earnings revenue 4) Paying utilities 5) Depreciation expense The comparative statement of financial position for Gino Corporation shows the following noncash current asset and liability accounts at December 31: 2015 2014 Accounts receivable $61,660 $47,700 Inventory 76,850 68,760 Prepaid expenses 6,140 4,690 Accounts payable 30,840 44,350 Interest payable 5,030 7,040 Income tax payable 17,280 11,550 Gino's income statement reported the following selected information for the year ended December 31, 2015 profit was $298,600, depreciation expense was $66,750. and a loss on the sale of fixed assets was $15.150. Calculate net cash provided (used) by operating activities using the indirect method for the year ended December 31, 2015. 12 15 1) 298,600 O2) 48,610 21 3) 231,850 O4) 66,750 5) 347.210 30 Question 29 (1 point) Listen A transaction that exchanged a building for shares of stock would be an investing activity and would appear on the cash flow statement. 36 1) True 2) False 39 Question 30 (1 point) Which of the following is NOT a part of financing activities? 1) Paying dividends 2) Issuing shares 3) Paying off to 4) Buying land 5) Borrowing money