Question 36 5 pts Previously issued stock that a corporation purchases from shareholders is called: O authorized stock. issued stock. treasury stock. O outstanding stock. Question 37 5 pts The statement of cash flows does NOT report: cash payments of long-term debt. O revenues and expenses for the current year. cash receipts from long-term asset sales.. O noncash investing and financing activities. Increases and decreases in the long-term assets are reported on the statement of cash flows as: O noncash activities. O operating activities. O financing activities. O investing activities. Question 39 5 pts Given the following information, under the indirect method, the cash flows from operating activities would be: Net Income $ 75,000 Depreciation $ 7,500 Net increase in current assets (other than cash) $ 8.000 Net increase in current liabilities $ 4,000 Cash received on sale of equipment $ 18,000 Payments made on LT debt $ 7,000 O $86,500 O $94,500 O $78,500 O $71,500 Question 40 5 pts Selected information for Greene, Inc., as of December 31, 2019, follows: Total current assets $ 85,000 Total assets $ 175,000 Total current liabilities $ 60.000 Total liabilities $ 112,000 The current ratio for Greene, Inc. on December 31, 2019, was approximately: O 1.42 0.71 01.56 0.64